Annual payment under the lease will be 2500 with payments


Schaad Corporation has entered into an 8 year lease for a piece of equipment. Annual payment under the lease will be $2500 with payments being made at beginning of each year. If discount rate is 14%, what is the present value of the lease payments?

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Managerial Accounting: Annual payment under the lease will be 2500 with payments
Reference No:- TGS02691790

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