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Solve with formula method A lease of $7,300 had to be repaid with payments of $400 at the beginning of every quarter. The interest rate
Solve with formula method
A lease of $7,300 had to be repaid with payments of $400 at the beginning of every quarter. The interest rate charged was 6.50% compounded quarterly. a. How many payments are required to repay the debt? It will take 0 payments. Rounded up to the next payment b. What is the size of the final payment? $0.00 Round to the nearest centStep by Step Solution
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