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Question 12 of 15 The present value of a 8 year lease that requires payments of $850 at the beginning of every month is $78,8
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The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and format. For detailed answer refer to the supporting sheet.

Answer 3 In the given question, we have to calculate the nominal interest rate 4 lease value = annual payment *((1-(1+i)^-n)/

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