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Green Inc. is considering leasing a piece of equipment with a fair value of $220,000 for four years. The current market interest rate for financing

Green Inc. is considering leasing a piece of equipment with a fair value of $220,000 for four years. The current market interest rate for financing the equipment is 8% annually.

Calculate the semi-annual lease payment assuming that the payment is made at the end of the period (round to the nearest dollar). Show Solutions

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