Gabriel joseph has begun a new delivery and warehousing, Financial Management

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Gabriel joseph has begun a new delivery and warehousing

Gabriel Joseph has begun a new delivery and warehousing business. To begin his deliveries, he has leased a new truck. The five-year lease arrangement provides for monthly payments based on the $35,000 cost of the truck and an agreed on rate of 18 percent compounded monthly. What will Mr. Joseph’s lease payment be each month.

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Financial Management: Gabriel joseph has begun a new delivery and warehousing

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