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Glade Company leases computer equipment to customers under direct finan equipment has no residual value at the end of the lease term, and the leases

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Glade Company leases computer equipment to customers under direct finan equipment has no residual value at the end of the lease term, and the leases d bargain with a fair value of $323,400. ancing leases, The purchase options. Glade wishes to earn 8% interest on a five-year lease of equipment Required: Compute the total amount of interest revenue that Glade will earn over the life of the lease

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