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An Investment in a Lease Offers Returns of $3713 Per

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An investment in a lease offers returns of $3713 per month due at the beginning of each month for 4.5 years. What investment is justified if the returns are deferred for two years and the interest required is 6.12% compounded monthly?

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verifed

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i = 0.0612 ÷ 12 = 0.0051
PVn (d...

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