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ou lease machines to customers. A particular machine costs you $25,000 to buy and has a useful life of 4 years with no salvage value
ou lease machines to customers. A particular machine costs you $25,000 to buy and has a useful life of 4 years with no salvage value at the end. If your cost of capital is 15%, what should be the monthly lease payment (at start of month) you charge for this machine? $696 $687 $730 $635
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