Annual lease payment, The lease terms are arranged so that

Annual lease payment

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Reference no: EM13126538

A lessor has bought a machine for 600,000 and eases it for six years, after machine is to be returned with an unguaranteed residual value of 40,000. The lease terms are arranged so that a return of 12% is earned by the lessor, what is the annual lease payment required to yield the desired return???

Reference no: EM13126538

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