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On September 3 0 , 2 0 2 4 , Truckee Garbage leased equipment from a supplier and agreed to pay $ 1 4 3
On September Truckee Garbage leased equipment from a supplier and agreed to pay $ annually for years beginning September Generally accepted accounting principles require that a liability be recorded for this lease agreement for the present value of scheduled payments. Accordingly, at inception of the lease, Truckee recorded a $ lease liability.
Required:
Determine the interest rate implicit in the lease agreement.
Note: Use tables, Excel, or a financial calculator. Round your answer to decimal place. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Interest rate implicit
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