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Afinance lease agreement calls for quarterly lease payments of$7,140 over a 10-year lease term, with the first payment on July 1,the beginning of the lease.

Afinance lease agreement calls for quarterly lease payments of$7,140 over a 10-year lease term, with the first payment on July 1,the beginning of the lease. The annual interest rate is 12%. Bothth 2 answers

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