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Business, 20.03.2020 00:02 squidywar297
Jagadison Co. leases computer equipment to customers under sales-type leases. The equipment has no residual value at the end of the lease and the leases do not contain purchase options. Jagadison desires a return of 10% interest on a eight-year lease of equipment with a fair value of $991,692. The present value of an annuity due of $1 at 10% for eight years is 5.868. What is the total amount of interest revenue that Jagadison will earn over the life of the lease
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Jagadison Co. leases computer equipment to customers under sales-type leases. The equipment has no r...
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