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n Company leases computer equipment to customers under sales-type leases. The equipment has no residual value at the e lease and the leases do not

n Company leases computer equipment to customers under sales-type leases. The equipment has no residual value at the e lease and the leases do not contain purchase options. Jagadison desires a return of 10% interest on a six-year lease of nt with a fair value of $814,470. The present value of an annuity due of $1 at 10% for six years is 4.791. What is the total amount st revenue that Jagadison will earn over the life of the lease? ltiple Choice $488,682 $170,000 $135,745 Prey 25 of 40 www BEE Next >

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