Find : The principal amount of the lease,. Find the cost of the machine Find the amount of interest paid over the term of lease.

Question 2 of 4 Lucy secured a lease on a machine by paying $1,600 as a down payment and then $750 at the beginning of every month for 4 years. The lease rate was 4.25% compounded monthly. a. What was the principal amount of the lease? $0.00 Round to the nearest cent