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Question 4 of 4 A contract requires lease payments of $500 at the beginning of every month for 4 years. a. What is the present

Question 4 of 4 A contract requires lease payments of $500 at the beginning of every month for 4 years. a. What is the present value of the contract if the lease rate is 6.57% compounded annually? Round to the nearest cent b. What is the present value of the contract if the lease rate is 6.57% compounded daily? Round to tha noorat cont SUBMIT QUESTION SAVE PROGRESS

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