York Construction agreed to lease payments of $762.79 on construction equipment to be made at the end of each month for six years. Financing is at 15% p.a. compounded monthly. a. If the lease were paid off after ten months, what would the total interest be? b. How much of the total interest would be due to deferring the first nine payments?
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York Construction agreed to lease payments of $762.79 on construction equipment to be made at the end of each month for six years. Financing is at 15% p.a. compounded monthly. a. If the lease were paid off after ten months, what would the total interest be? b. How much of the total interest would be due to deferring the first nine payments?
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- 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?Payments on a four-year lease valued at $32,050 are to be made at the beginning of every six months. If interest is 7.3% compounded semi-annually, what is the size of the semi-annual payments?Ariel leased equipment worth $70,000 for 10 years. If the lease rate is 4.75% compounded monthly, calculate the size of the lease payment that is required to be made at the beginning of each month. Round to the nearest cent
- What is the cash value of a three-year lease that require payments of $2097.64 payable at the beginning of each month for five years if interest is 10% compounded semi-annually?Your company agreed to pay a maintenance contractor $ 3.677 as the first payment at the end of the first month. Then, the payment amount will increase by 6 every month. The duration of the maintenance contract is 5 years. If the interest rate is 6% per month, the present worth (now) of this maintenance contract is:Payments 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?
- Kiara leased equipment worth $70,000 for 10 years. If the cost of borrowing is 6.59% compounded monthly, calculate the size of the lease payment that is required to be made at the beginning of each month. $0.00 Round to the nearest centJenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the company agreed to pay rent of $12,500 per month for the next 10 years with the first payment due today. If the APR is 6.48 percent compounded monthly, what is the value of the payments today?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.)
- What is the present value of a 7 - year lease with monthly rental payments of $4, 200 due at the beginning of each month, if the opportunity cost of capital is 9% ?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.)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.)