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write clearly please or use keyboard to write. Olivia secured a lease on a machine by paying $1,600 as a down payment and then $950
write clearly please or use keyboard to write.
Olivia secured a lease on a machine by paying $1,600 as a down payment and then $950 at the beginning of every month for 5 years. The lease rate was 4.25% compounded monthly. a. What was the principal amount of the lease? b. What was the cost of the machine? Round to the nearest cent c. What was the amount of interest paid over the term of the leaseStep by Step Solution
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