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Koffman and Sons signed a four-year lease for a forklift onJanuary 1, 2017. Annual lease payments of $1,281, based on aninterest rate of 8%, are

Koffman and Sons signed a four-year lease for a forklift onJanuary 1, 2017. Annual lease payments of $1,281, based on aninterest rate of 8%, are to be made every December 31, beginningwith December 2 answers

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