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York Construction agreed to lease payments of $ 7 6 2 . 7 9 on construction equipment to be made at the end of each
York Construction agreed to lease payments of $ on construction
equipment to be made at the end of each month for six years. Financing is
at pa compounded monthly.
a If the lease were paid off after ten months, what would the total interest
be
b How much of the total interest would be due to deferring the first nine
payments?
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