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A four-year fair market value lease with payments of 1150

Question - Your firm is considering leasing a $50,000 copier. The copier has an estimated economic life of eight years. Suppose the appropriate discount rate is 9.3% APR with monthly compounding. A four-year fair market value lease with payments of $1,150 per month. Calculate the present value of the lease payments.

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Accounting Basics: A four-year fair market value lease with payments of 1150

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Accounting Basics: A four-year fair market value lease with payments of 1150

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