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Benning Manufacturing Company is negotlating with a customer for the lease of a large machine manufactured by Benning. The the machine at a 7% annual

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Benning Manufacturing Company is negotlating with a customer for the lease of a large machine manufactured by Benning. The the machine at a 7% annual interest rate. S1. PV of $1. FVA of S1 FVA of S1, FVAD of $1 and PVAD of $) (use approprlete tectoris) from the tables provided.) Required: 1. Determine the required lease payment if the lease agreement calls for 10 equal annual payments beginning immediately 2 Determine the requlred lease payment if the first of 10 annual payments will be made one year from the date of the agreement 3. Determine the requtred lease payment If the first of 10 annual payments will be made Immediately and Benning will be able to sell the machine to another customer for $60,000 at the end of the 10-year lease Complete this question by entering your answers in the tabs below Required 1Required 2 Required 3 Determine the required lease payment if the lease agreement calls for 10 equal annual payments beginning immediately (Round your final answers to nearest whole dollar amount.) Table or caiculator function: Present Value: n s Annusl Installment Required 2 Prev90 10 ext

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