Question
Bramble Corp. has a machine that cost $ 820000. It is to be leased for 20 years with rent received at the beginning of each
Bramble Corp. has a machine that cost $ 820000. It is to be leased for 20 years with rent received at the beginning of each year. Lane wants a return of 7%. Calculate the amount of the annual rent.
| Periods | Present Value of Ordinary Annuity | |
| 19 | 10.33560 | |
| 20 | 10.59401 | |
| 21 | 10.83553 |
$ 77402
$ 72339 ...this is the correct answer
$ 211904
$ 79336
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A Spiritual Audit Of Corporate America A Hard Look At Spirituality Religion And Values In The Workplace
Authors: Ian Mitroff, Elizabeth A. Denton
1st Edition
978-1118599617
