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Marin Company leases equipment for 8 years with an annual rental of $ 2 , 0 0 0 per year or $ 1 6 ,
Marin Company leases equipment for years with an annual rental of $ per year or $ in total. General Leasing the lessor agrees to provide Marin with $ for the first years of the lease to defray needed repairs to the equipment.
Determine the lease payments that Marin will pay for the first years of the lease agreement.
Lease payments?
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