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What is the present valuse of the lease payments

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Reference no: EM131610849

Schaad corporation has entered into an 8 year lease for a piece of equipment. The annual payment under the lease will be $2500 with payments being made at the beginning of each year.

Required:

If the discount rate is 14%, what is the present valuse of the lease payments?

 

Reference no: EM131610849

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