A contract requires lease payments of $700 at the beginning of every month for 3 years. a. What is the present value of
Posted: Sun Jul 10, 2022 11:11 am
A contract requires lease payments of $700 at the beginning of every month for 3 years. a. What is the present value of the contract if the lease rate is 4.75% compounded annually? $0.00 Round to the nearest cent b. What is the present value of the contract if the lease rate is 4.75% compounded monthly? Round to the nearest cent