Solution-Calculate the semi-annual lease payment

Calculate the semi-annual lease payment

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Problem 1: Raleigh Inc. is considering leasing a piece of equipment with a fair value of $177,000 for four years. The current market interest rate for financing the equipment is 6% compounded semi-annually. Calculate the semi-annual lease payment assuming that the payment is made at the beginning of the period (round to the nearest dollar).

Reference no: EM132660917

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Calculate the semi-annual lease payment

Reference no: EM132660917

Reference no: EM132660917

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