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Paul secured a lease on a machine by paying $1,700 as a down payment and then $500 at the beginning of every month for
Paul secured a lease on a machine by paying $1,700 as a down payment and then $500 at the beginning of every month for 6 years. The lease rate was 3.50% compounded monthly. a. What was the principal amount of the lease?
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Human Resource Management
Authors: Wayne Dean Mondy, Judy Bandy Mondy
12th edition
978-0132553001
