Business, 07.04.2020 23:13 Dweath50

A firm leases equipment under a capital lease (analogous to an installment purchase) that calls for 12 semiannual payments of $39,014.40. The first payment is due at the beginning of the lease. The annual rate on the lease is 6%. What is the present value of the leased asset at beginning of the lease

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A firm leases equipment under a capital lease (analogous to an installment purchase) that calls for...