Quarterly payments of $1445 are to be made at the beginning of every three months on a

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Quarterly payments of $1445 are to be made at the beginning of every three months on a lease valued at $25 000. What should the term of the lease be if money is worth 8% compounded quarterly?

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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 04:02 AM

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Quarterly payments of $1445 are to be made at the beginning of every three months on a

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PV due 25 00000 PMT 144500 i 2 16961802 1 102 n 002 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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