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Question 12 5 pts Ravi is thinking of leasing a building and is considering a 3-year lease. The contract requires him to pay $1,003,728 upfront
Question 12 5 pts Ravi is thinking of leasing a building and is considering a 3-year lease. The contract requires him to pay $1,003,728 upfront and then pay $474,238 each in the following two years. Ravi prefers to make equal payments (i.e., he prefers the upfront payment and the payments in the following two years to be equal). If the interest rate is 13%, what equal payments would leave him indifferent? Please input your response to the nearest dollar without the dollar sign
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