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Business, 19.07.2019 05:30 xojade

"tradeall inc., leases automobiles for its sales force. on january 1, 2017, the company leased 100 automobiles and agreed to make lease payments of $10,000 per automobile each year. the lease agreement expires on december 31, 2021, at which time the automobiles can be purchased by tradeall for a nominal price. assume an effective rate of 10 percent."

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