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Question 2 of 5 A contract requires lease payments of $800 at the beginning of every month for 10 years. a. What is the present

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Question 2 of 5 A contract requires lease payments of $800 at the beginning of every month for 10 years. a. What is the present value of the contract if the lease rate is 5.94% compounded annually? $0.00 Round to the nearest cent b. What is the present value of the contract if the lease rate is 5.94% compounded daily? Round to the nearest cent Submit Question Next

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