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Carla Vista Corporation has an asset that cost $ 4 2 9 0 0 0 with a fair market value of $ 4 0 3

Carla Vista Corporation has an asset that cost $429000 with a fair market value of $403000 that it wants to lease. Carla Vista wants to recover its net investment in the leased asset and earn a 6% return. The asset will revert back to Carla Vista's at the end of a 6-year lease term. What is the difference in the annual payment Carla Vista would receive if Carla Vista charged rent at the end of the year rather than at the beginning of the year? (Round present value factor calculations to 4 decimal places, eg12.5124)Carla Vista Corporation has an asset that cost $429000 with a fair market value of $403000 that it wants to lease. Carla Vista wants
to recover its net investment in the leased asset and earn a 6% return. The asset will revert back to Carla Vista's at the end of a 6-year
lease term. What is the difference in the annual payment Carla Vista would receive if Carla Vista charged rent at the end of the year
rather than at the beginning of the year? (Round present value factor calculations to 4 decimal places, e.g.12.5124.)
Click here to view the factor table.
$4939 less annually
$4640 more annually
$4939 more annually
$4640 less annually
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