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A construction company agreed to lease payments of ​$619.22 on construction equipment to be made at...

A construction company agreed to lease payments of ​$619.22 on construction equipment to be made at the end of every month for 6.25 years. Financing is at 11 % compounded monthly.

​(a) What is the value of the original lease​ contract?

​(b) If, due to​ delays, the first 6 payments were​ deferred, how much money would be needed after 7 payments to bring the lease payments up to​ date?

​(c) How much money would be required to pay off the lease after 7 ​payments?

​(d) If the lease were paid off after 7 ​payments, what would the total interest​ be?

​(e) How much of the total interest would be due to deferring the first 6 ​payments?

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