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PLEASE USE TIBAA II CALCULATOR P/Y N, I/Y etc 1. A lease requires monthly payments of $950 due in advance. If interest is 12% compounded

PLEASE USE TIBAA II CALCULATOR P/Y N, I/Y etc image text in transcribed
1. A lease requires monthly payments of $950 due in advance. If interest is 12% compounded quarterly and the term of the lease is five years, what is the cash value of the lease

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