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What the present value of the lease payments for schaad corp

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Reference no: EM132632467

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.

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Problem 1: If the discount rate is 14%, what's the present value of the lease payments?

Reference no: EM132632467

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