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I please need help on how to figure out the lease payments. Please show your work. Thank you! Splish Brothers Company leases equipment for 8
I please need help on how to figure out the lease payments. Please show your work. Thank you!
Splish Brothers Company leases equipment for 8 years with an annual rental of $2,900 per year or $23,200 in total. General Leasing (the lessor) agrees to provide Splish Brothers with $400 for the first 2 years of the lease to defray needed repairs to the equipment. Determine the total lease payments that Splish Brothers will pay for the first 3 years of the lease agreement. Lease payments $Step by Step Solution
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