Business, 22.11.2019 05:31 mathbrain58

Carrington company agrees to make lease payments of $309.32 at the end of each month for 60 months for the use of equipment. the present value of the 60 lease payments using a 6% borrowing rate is $16,000. total interest expense over the term of the lease is:

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Carrington company agrees to make lease payments of $309.32 at the end of each month for 60 months f...