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7. Amman Co. has a machine that cost $600,000. It is to be leased for 20 years with rent received at the beginning of

7. Amman Co. has a machine that cost $600,000. It is to be leased for 20 years with rent received at the beginning of each year. Amman wants a return of 10%. Calculate the amount of the annual rent. Present Value of Ordinary Annuity Period 19 8.36492 20 8.51356 8.64869 21

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