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Lane Co. has a machine that cost $800,000. It is to be leased for 20 years with rent received at the beginning of each year.

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"Lane Co. has a machine that cost $800,000. It is to be leased for 20 years with rent received at the beginning of each year. Lane wants a return of 10% Calculate the amount of the annual rent. Present Value of an ordinary Annuity for 19 periods = 8.36492, for 20 periods 8.51356 and for 21 periods = 8.64869." O". $85,425 O "D. $95,636" "c. $118,912" o "d, 593,968

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