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What is the present value of the lease payments

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Question: (Ignore income taxes in this problem.) Schaad Corporation has entered into an eight-year lease for a piece of equipment. The annual payment under the lease will be $2,500, with payments being made at the beginning of each year.

Required: If the discount rate is 14%, what's the present value of the lease payments? The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132743727

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