The annual rental payments on a six-year lease are 4,000. If the rate of interest payable on

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The annual rental payments on a six-year lease are £4,000. If the rate of interest payable on borrowing for this purpose is 16 per cent, what is the capital value of the lease?

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Business Accounting

ISBN: 9780273619826

7th Edition

Authors: Frank Wood, Alan Sangster

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