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What the six beginning-of-the-year lease payments

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Question - Davidson Company has a machine with a cost of $250,000 which also is its fair market value on the date the machine is leased to Makers Company. The lease is for 6 years and the machine is estimated to have a residual value of zero. If the lessor's implicit interest rate is 6%, what the six beginning-of-the-year lease payments?

a. $47,962.92

b. $50,840.70

c. $55,639.51

d. $60,223.43

Reference no: EM133063393

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