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Question; Quarterly payments of $1445 are to be made at the beginning of every three months on a lease valued at $25 000. What should
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Quarterly payments of $1445 are to be made at the beginning of every three months on a lease valued at $25 000. What should the term of the lease be if money is worth 8% compounded quarterly?
Please proper explain and do not copy from Chegg. Otherwise i have to report the answer.
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