1 pts Question 9 A firm needs some machinery which it can lease from the...
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1 pts Question 9 A firm needs some machinery which it can lease from the manufacturer for a five-year period by making lease payments of $9,000 at the end of each month. If the interest rate for the firm is 9% p.a., with monthly compounding, the present value of the lease payments is closest to: O $528,059. O $420,082 O $415,965. O $433,560. 1 pts D Question 10 Four years ago, you had arranged for an eight-year bank loan for $350,000 at an interest rate of 12% p.a. with interest compounded semi-annually. The loan was being repaid in equal semi-annual instalments and the payments were being made at the end of each period. The total amount still owed the bank today is closest to: O $215,065. O $142,131. O $120,008. O $277,066
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