Question 4 The value of a 7 year lease that requires payments of $750 made at...

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Question 4
The value of a 7 year lease that requires payments of $750 made at the beginning of every month is $60,800. What is the nomin

Answer 1

Answer #1

PV of annuity due = P + P [1-(1+r)n-1) I r where pe periodic payments - r- monthy rate n = 7x12 = 84 . Based on the data give

Answer 2

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