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Marin Company leases equipment for 8 years with an annual rental of $2,000 per year or $16,000 in total. General Leasing (the lessor) agrees to

Marin Company leases equipment for 8 years with an annual rental of $2,000 per year or $16,000 in total. General Leasing (the lessor) agrees to provide Marin with $200 for the first 2 years of the lease to defray needed repairs to the equipment. Determine the lease payments that Marin will pay for the first 3 years of the lease agreement.

Lease payments?

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