Question: i need the answer to this question asap as its due in 1 hour Question 3 of 10 A contract requires lease payments of $800
Question 3 of 10 A contract requires lease payments of $800 at the beginning of every month for 8 years. a. What is the present value of the contract if the lease rate is 4.50% compounded annually? Round to the nearest cent b. What is the present value of the contract if the lease rate is 4.50% compounded monthly? Round to the nearest cent
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