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Lease B applies to a machine which can be purchased for $201,212. Your company has chosen to lease the machine for $42,000 per year on
Lease B applies to a machine which can be purchased for $201,212. Your company has chosen to lease the machine for $42,000 per year on a 6 year lease. Payments are due at the start of each year. Calculate the implied interest rate for the lease payments.
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