Multiple Choice
If a contract specifies lease payments of $1,250 to be made at the beginning of each quarter for the next four years, what lump sum payment at the beginning of the lease should satisfy the landlord, if interest rates are at 12%, compounded quarterly?
A) $16,172
B) $4,252
C) $15,701
D) $17,009
E) $17,585
Correct Answer:
Verified
Correct Answer:
Verified
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