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valentina_108 [34]
3 years ago
10

You may use your financial calculator or present value tables for this question. Firm A leased equipment with a list price $1,21

5,800, a lease life of 20 years, an initial (down) payment of $100,000, and an annual payment of $100,000 for 19 additional periods. What is the implied lease contract interest rate

Business
1 answer:
Andrew [12]3 years ago
7 0

Answer:

$11,158 for 19yrs

Explanation:

See attached file

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A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed Continuous budgeting.

<h3>What is Continuous Budgeting?</h3>
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