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Please Help! Thank you Required: Each of the 5 tabs in this workbook contain independent time value of money questions. Find the solutions to each
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Required: Each of the 5 tabs in this workbook contain independent time value of money questions. Find the solutions to each of the questions using the various time value of money Excel formulas we discussed in class (PV, FV, NPER, RATE, PMT). Show all steps and calculations. Smart Moon Company will offer a customer the opportunity to lease equipment manufactured by Smart Moon. The machine has a cash price of $800,000. Smart Moon wants to be reimbursed for financing the machine at an 8% annual interest rate. 1. Determine the required lease payment if the lease agreement calls for 10 equal annual payments beginning immediately. 2. Determine the required lease payment if the first of 10 annual payments will be made one year from the date of the agreement. 3. Determine the required lease payment if the first of 10 annual payments will be made immediately and Smart Moon will be able to sell the equipment to another customer for $50,000 at the end of the 10- year leaseStep by Step Solution
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