Top Posters
Since Sunday
B
3
o
3
j
2
b
2
u
2
k
2
t
2
w
2
d
2
g
2
S
2
k
2
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
lindseyw lindseyw
wrote...
Go to Answer
Posts: 146
Rep: 0 0
A year ago
The Red River Book Store accountant set up a long-term lease liability of $5,245 to recognize a new contract for the lease of new shelving. They used the firm's 4.5% monthly compounded cost of borrowing as the discount rate. If the lease payment at the beginning of each month is $300.75, what is the term of the lease?

▸ 21 months

▸ 24 months

▸ 9 months

▸ 12 months

▸ 18 months
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 77 times
1 Reply
Replies
Answer verified by a subject expert
goodone14goodone14
wrote...
#1
Posts: 142
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

lindseyw Author
wrote...

A year ago
This helped my grade so much Perfect
ouasfoudgewu
wrote...

Yesterday
This site is awesome
riptide
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1024 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 573
  
 228
  
 875