The lessor implicit interest rate

The lessor implicit interest rate

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An asset with a market value of $100,000 is leased on January 1, 2014. Five annual lease payments are due each January 1 beginning January 1, 2014. The lessee guarantees the $40,000 residual value of the asset as of the end of the lease term on December 31, 2018. The lessor's implicit interest rate is 8%.

Reference no: EM13668366

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