Question
Payments on a four-year lease valued at $28,450 are to be made at the beginning of every three months. If interest is 8.8% compounded quarterly,
Payments on a four-year lease valued at $28,450 are to be made at the beginning of every three months. If interest is 8.8% compounded quarterly, what is the size of the quarterly payments?
The size of the quarterly payments is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Canadian Public Finance
Authors: Genevieve Tellier
1st Edition
1487594410, 978-1487594411
