Question: Question content area top Part 1 A lease valued at $ 3 6 , 0 0 0 requires payments of $ 4 0 0 0

Question content area top
Part 1
A lease valued at $36,000 requires payments of $4000 every three months. If the first payment is due three years after the lease was signed and interest is 12% compounded quarterly, what is the term of the lease?
Question content area bottom
Part 1
The term of the lease is enter your response here quarters. (Round up to the nearest quarter.)

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