Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A lease valued at 30000 requires payments of 4000 every three months. If the first payment is due 2 years after the lease was signed and interest is 12% compounded quarterly, what is the term of the lease?
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