edit union entered a lease cortract valued at S000 The contract provides for payments at the end of each qater for 5 yearn sta 525 compounded quately, wht is the se of he qaly payme payment is S und the firal anwer to the nearest cent as needed. Round all intemediate values to sa decimal places as needed)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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ordinary simple annuties conept

redit union entered a lease contract valued at $5000. The contract provides for payments t the end of each quater for 5 year. If interest 52% compounded quarterly. what is the se of he quartely payment?
e payment in S
ound the final anmwer to the nearest cent as needed. Round al intermediate values to six decimal places as needed)
Transcribed Image Text:redit union entered a lease contract valued at $5000. The contract provides for payments t the end of each quater for 5 year. If interest 52% compounded quarterly. what is the se of he quartely payment? e payment in S ound the final anmwer to the nearest cent as needed. Round al intermediate values to six decimal places as needed)
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