A lease valued at $32 000 requires payments of $4000 every three months. If the first payment

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A lease valued at $32 000 requires payments of $4000 every three months. If the first payment is due three years after the lease was signed and interest is 12% com- pounded quarterly, what is the term of the lease?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:05 AM

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A lease valued at $32 000 requires payments of $4000 every three months. If the first payment

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PV n defer 32 00000 PMT due 400000 i 3 d 12 FV 32 0000010312 FV 32 000001425761 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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