A contract requires lease payments of $700 at the beginning of every month for 8 years. a.

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A contract requires lease payments of $700 at the beginning of every month for 8 years.

a. What is the present value of the contract if the lease rate is 3.75% compounded annually?

b. What is the present value of the contract if the lease rate is 3.75% compounded monthly?

Related Book For answer-question

Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

Posted Date: Mar 16, 2022 05:39 AM

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A contract requires lease payments of $700 at the beginning of every month for 8 years. a.

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Fundamentals of corporate finance

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