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please show all work and formuals!! please answer A and B! A lease agreement valued at $54000 requires payment of $5200 every three months in
please show all work and formuals!!
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) please answer A and B!
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