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.)

PRICE OF TRACT OF LAND = $ 39000 PERIOD MENTIONED(N) =1 YEAR = 12MONTHS INTEREST RATE(R) = 7.33/5…

What monthly lease payment due in advance should be charged for a tract of land valued at $39.000 the agroed interest is 7.33% compounded annualy? The monthly lease payment should be $ (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 the agroed interest is 7.33% compounded annualy? The monthly lease payment should be $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six 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

Section: Chapter Questions

Problem 1PS

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A contract requires lease payments of $700 at the beginning of every month for 4 years. a. What is the present value of the contract if the lease rate is 4.75% compounded annually? Round to the nearest cent b. What is the present value of the contract if the lease rate is 4.75% compounded monthly? Round to the nearest cent
credit union entered a lease contract valued at $5000. The contract provides for payments at the end of each quarter for 5 years. If interest is 5.1% compounded quarterly, what is the size of the quarterly payment? Question content area bottom Part 1 The payment is $enter your response here. (Round the final answer to the nearest cent as needed
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A finance lease agreement calls for quarterly lease payments of $5,376 over a 10-year lease term, with the first payment on July 1, the beginning of the lease. The annual interest rate is 8%. Both the present value of the lease payments and the cost of the asset to the lessor are $150,000. Required: Prepare a partial amortization table up to the October 1 payment. What would be the amount of interest expense (revenue) the lessee (lessor) would record in conjunction with the second quarterly payment on October 1?
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The company has the opportunity to purchase production equipment on lease terms. The value of the equipment is EUR 12000. The lease term is 3 years. The first installment makes up 15% of the value, the interest rate is 5.5% per annum. Calculate leasing one the amount of the payments if the lease payments are made: (a) at the end of each quarter; b) at the beginning of each month. Compile a leasing payment scheme with a quarterly payments.
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