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Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,500 are payable at the beginning of each
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,500 are payable at the beginning of each year. Each is a finance lease for the lessee. Note: Use tables, Excel, or a financial calculator. (FV of $1,PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) Determine the following amounts at the beginning of the lease: Note: Round your final answers to nearest whole dollar
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