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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
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 wants a return of 10%. **MUST USE BAII PLUS CALCULATOR*** not factor tables Compute the amount of the annual rent. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Annual rent | $________________ |
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