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Hi. Could you please give me the results of these questions in 1 hour. Thanks Question 1 The value of a 6 year lease that

Hi. Could you please give me the results of these questions in 1 hour. Thanks

Question 1

The value of a 6 year lease that requires payments of $700 made at the beginning of every month is $48,300. What is the nominal interest rate compounded monthly? (%)

Round to two decimal places

Question 2

Quarter-end payments of $1,500 are made to settle a loan of $38,700 in 9 years. What is the effective interest rate? (%)

Round to two decimal places

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