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What is the annual lease payment

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Question - The company least machines to clients. Annual rentals are paid each year, with the first payment due on the day the lease begins. A machine with a book value of 10,000 is leased. Un-guarenteed salvage value is 1,000. Lease term is 5 years. The company interest rate is 5%. What is the annual lease payment?

Reference no: EM132251778

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