Question
Consider a 4 year lease for a $150,000 bottling machine, with a residual market value of $22,500 at the end of 4 years. If the
Consider a 4 year lease for a $150,000 bottling machine, with a residual market value of $22,500 at the end of 4 years. If the risk free interest rate is 5.2% APR with monthly compounding, compute the monthly lease payment in a perfect market for the following lease:
a. Fair market value
B. a $1.00 out lease
C. a fixed price list with an $15,000 final price
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
