A lease valued at $22,000 requires payments of $1,629 at the beginning of every three months. If money is worth 5% compounded quarterly, what is the size of the final lease payment? The size of the final payment is $| (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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- A lease valued at $18,000 requires payments of $1,813 at the beginning of every month. If money is worth 6% compounded monthly, what is the size of the final lease payment? The size of the final payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A lease valued at $22,000 requires payments of $1,721 at the beginning of every three months. If money is worth 10% compounded quarterly, what is the size of the final lease payment? The size of the final payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A property development agreement valued at $47,000 requires annual lease payments of $7,500. The first payment is due three years after the date of the agreement and interest is 9% compounded monthly. For how long will payments be made? The payments will be made forO vear(s) and O month(s). (Type whole numbers.)
- On an annual renewable lease, the semi-annual lease payment on office space is $5,300 payable at the begining of every six months. What equivalent yearly payment made in advance would satisfy the lease if interest is 8.8% compounded semi-annually? The equivalent yearly payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)What monthly lease payment due in advance should be charged for a tract of land valued at $39,000 if the agreed interest is 7.33% compounded annually? The monthly lease payment shouid be $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A lease valued at $21,000 requires payments of $1,763 at the beginning of every three months. If money is worth 5% compounded quarterly, what is the size of the final lease payment?
- A lease agreement valued at $33,000 requires payment of $4,300 every three months in advance. The payments are deferred for three years and month is worth 10% compounded quarterly.a. How many lease payments are to be made under the contract?b. What is the size of the final lease payment?A contract requires lease payments of $800 at the beginning of every month for 6 years. a. What is the present value of the contract if the lease rate is 3.50% compounded annually? Round to the nearest cent b. What is the present value of the contract if the lease rate is 3.50% compounded monthly? Give typing answer with explanation and conclusionPayments on a six-year lease valued at $42050 are to be made at the beginning of every six months. If interest is 3.6% compounded semi-annually, what is the size of the semi-annual payments?
- On an annual renewable lease, the quarterly lease payment on office space is $1,600 payable at the begining of every three months. What equivalent yearly payment made in advance would satisfy the lease if interest is 11.8% compounded quarterly? The equivalent yearly payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A contract requires lease payments of $ 900 at the beginning of every month for 6 years. What is the present value of the lease contract if the lease rate is 5.50% compounded annually? ( Please step by step answer)A contract requires lease payments of $700 at the beginning of every month for 5 years. a. What is the present value of the contract if the lease rate is 3.25% compounded annually? Round to the nearest cent b. What is the present value of the contract if the lease rate is 3.25% compounded monthly?