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How much should the lease payments be

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The Hegan Corporation plans to lease a $760,000 asset to the Doby Corporation. The lease will be for 15 years. Lease payments, payable at the beginning of the year. (Use a Financial calculator to arrive at the answers. Round the final answers to nearest whole dollar.)

Problem a. If the Hegan Corporation desires a 12 percent return on its investment, how much should the lease payments be?

Reference no: EM132770172

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