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What is annual rate of interest being charged to hospital

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Reference no: EM132894424

The following data of a surgical equipment was presented to a hospital for review:

Lease Payment: $68,742.10

Purchase Price: $1,900,000.00

Lease Term: 36 Months

Question 1) What is the annual rate of interest being charged to the hospital? The total interest paid over the entire term of the lease?

Question 2) Given this rate of interest, what are some reasons on why or why not the hospital should accept this lease contract. Is this a good deal for the lessee?

Question 3) Why would a hospital care whether it was a capital lease or an operating lease? When would one be an advantage over the other?

Reference no: EM132894424

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