What is the annual lease payment

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Question: As part of your new job at Headman the Puck, the company is providing you with a new car. Your firm will lease this $34,000 car for you. The terms of the lease are seven annual payments at an interest rate of 10%, paid at the beginning of each year, which will fully amortize the cost of the car. What is the annual lease payment?

Reference no: EM133379788

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