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On 1st January 20X2, George pc leased a car under a four-year lease with four annual lease payments of 25,000 made on 31st Dec of

On 1st January 20X2, George pc leased a car under a four-year lease with four annual lease payments of £25,000 made on 31st Dec of each year. The lease has an implicit annual interest rate of 12%. Wh...

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