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If the lease payment for the machine in Question above were made in advance, starting at the beginning of the first year of the contract,

If the lease payment for the machine in Question above were made in advance, starting at the beginning of the first year of the contract, what would the size of such a payment now be as an equivalent annual cost?

a) $15,816

b) $14,644

c) $15,533

d) $71,455

Which one is the best answer?

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