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Oriole Co. has machinery that cost $159,000. It is to be leased for 15 years with rent received at the beginning of each year.
Oriole Co. has machinery that cost $159,000. It is to be leased for 15 years with rent received at the beginning of each year. If Oriole wants a return of 10%. Click here to view factor tables What amount should be charged for the annual rent? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Annual rent $
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