Question
I am trying to figure out the present value of minimum lease payments and the example given is 30,000 x PV factor of 5 payments
I am trying to figure out the present value of minimum lease payments and the example given is 30,000 x PV factor of 5 payments in advance at 11% and they come up with 4.10244 and I have no idea how they got that number?
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Comparative International Accounting
Authors: Christopher Nobes, Robert Parker
13th edition
1292081902, 1292081908, 9781292081960 , 1292081961, 978-1292081908
