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help with this question both parts A lease agreement valued at $54000 requires payment of $5200 every three months in advance. The payments are deferred
help with this question both parts
A lease agreement valued at $54000 requires payment of $5200 every three months in advance. The payments are deferred for three years, and money is worth 11% compounded quarterly. a) How many lease payments are to be made under the contract? (3 marks) b) What is the size of the final lease payment? (4 marks) Step by Step Solution
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