Please solve the below question .My answer is wrong . I have provided you the correct answer and also the formula pls provide the steps of how to solve the question below.

\fX First determine the future value of the lease at the end of the period of deferment. Then use this value as the present value of the simple annuitv due. Since the present value WtdueL the periodic pavment Plv'lT, and the so nversion rate i are known, nd the term of the annuity due lav substituting these values into the formula for the present value of a simple annuity due, shown below, and solving for n. [omit\"l _ Pvnrduei=emr f [1+I} A lease valued at $32000 requires payments of $5000 every three months. If the rst payment is due three years alter The lease was signed and Interest is 12% compounded quarterly what IS The tem of the lease? The term of the lease is 11' quarters. (Round up to the nearest quarter )