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Exercise 6-17 Your client, Keith Blue Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 28 years.
Exercise 6-17 Your client, Keith Blue Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 28 years. Blue has an investment cost of $427,600 in the machine, which has a useful life of 28 years and no salvage value at the end of that time. Your client is interested in earning an 10% return on its investment and has agreed to accept 28 equal rental payments at the end of each of the next 28 years. Click here to view factor tables You are requested to provide Blue with the amount of each of the 28 rental payments that will yield an 10% return on investment. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Amount of each rental payments
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