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Author Question: A lease requires payments of $1200.00 at the beginning of every quarter for ten years. If interest ... (Read 211 times)

AEWBW

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Question 1

What is the accumulated value after 15 years of monthly deposits of $500.00 earning interest at 8% compounded semi-annually if the deposits are made
a) at the end of each month?
b) at the beginning of each month?

Question 2

A lease requires payments of $1200.00 at the beginning of every quarter for ten years. If interest is 6% compounded monthly, calculate the value of the lease.


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Marked as best answer by AEWBW on Jun 6, 2019

Kaytorgator

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