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A company enters into a lease for equipment. At the end of the lease, the company will own the equipment. This lease involves 5 years

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A company enters into a lease for equipment. At the end of the lease, the company will own the equipment. This lease involves 5 years of annual payments, each made at 12/31 beginning on 12/31/A. The payment is $9000 cash per year and the interest rate is 8% for this type of lease. Find the present value of this lease and prepare the amortization table. Rate nper pmt FV type PV Int. exp. reduction Balance Date PMT 1/1/A 12/31/A 12/31/B 12/31/C 12/31/D 12/31/E This should be zero or round to zero

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