Wednesday, 12 February 2020

Calculate the MP for a lease (annuity due) for $125,500 with terms 6%, 5 years

Calculate the MP for a lease (annuity due) for $125,500 with terms 6%, 5 years.
(a) Payments are made at the beginning of each month and the Expected Salvage Value is zero
(b) Salvage Value is now $25,000

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