The present value of a 7 year lease that requires payments of $550 at the beginning of every month is $43,500. What is t

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answerhappygod
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The present value of a 7 year lease that requires payments of $550 at the beginning of every month is $43,500. What is t

Post by answerhappygod »

The present value of a 7 year lease that requires payments of
$550 at the beginning of every month is $43,500. What is the
nominal interest rate compounded monthly charged on the lease?
No written submission required.
3.52%
1.76%
1.56%
2.06%
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