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Kem Corporation signed a 5 year equipment lease agreement. Thannual payments are $11,000 at 8 %. The present value of an annuity factor for 5

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Kem Corporation signed a 5 year equipment lease agreement. Thannual payments are $11,000 at 8 %. The present value of an annuity factor for 5 years at 8% is 3.9927. The present value factor of $1 for 5 years is.6806. The present value of the lease (rounded) is: $43.920 $55.000 $14,000 $477433 None of the answers are correct

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