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= Homework: Week Three Question 6, BE18.16 (similar to) Assume that you are given the following information for a 4-year lease (with payments due
= Homework: Week Three Question 6, BE18.16 (similar to) Assume that you are given the following information for a 4-year lease (with payments due on January 1 of each year): (Click the icon to view the information.) What is the implicit rate in the lease? (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculation. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your answer to the nearest hundredth of a percent, XXX%.) HW Score: 47.69%, 10.49 of 22 points Points: 0 of 1 (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) Save (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Annuity Due table.) The implicit rate in the lease is %. More info The lease payments are $50,000 per year. The fair value of the underlying asset is $418,042. The deferred initial indirect costs of the lessor are equal to $27,000. The lessor's estimated residual value in the underlying asset is $330,000.
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