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Maria has leased an auto for 4 years at 5400/month. If the money is worth 3%/year compounded monthly, what is the equivalent cash payment
Maria has leased an auto for 4 years at 5400/month. If the money is worth 3%/year compounded monthly, what is the equivalent cash payment (present value) of this annuity? (Assume payments are made at the end of the each month. Round your answer to the nearest cent.) 5 Need Help? Raad it
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul Copley
12th edition
0078025818, 978-0078025815
