As of the date of Victory Machine Shops most recent financial statements, three years remained in the

Question:

As of the date of Victory Machine Shop’s most recent financial statements, three years remained in the term of a capital lease reported as a long-term liability of $13,824. If the beginning-of-month lease payments are $450, what monthly compounded annual was used in valuing the lease?
Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...