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Please help with this finance question. Thank you in advance! $1,04R per year for 15 years The Lancer Leasing Company has agreed to lease a

Please help with this finance question. Thank you in advance!
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$1,04R per year for 15 years The Lancer Leasing Company has agreed to lease a hydraulic trencher to the Chaver Excavation Company for $20,000 a year over the next 8 years. Lease payments are to be made at the beginning of each year. Assuming that Lancer invests these payments at an annual rate of x percent, how much will it have accumulated by the end of the 8th year? The Lancer Leasing Company has agreed to lease a hydraulic trencher to the Chavez Excavation Company for $20,000 a year over the next 8 years Lease payments are to be made at the beginning of each year. Assuming that Lancer invests these payments at an annual rate of X%, how much will it have accumulated by the end of the 8th year? $301,706 O $263,279 O $275,513 O $240,420 O $288,314 $1,04R per year for 15 years The Lancer Leasing Company has agreed to lease a hydraulic trencher to the Chaver Excavation Company for $20,000 a year over the next 8 years. Lease payments are to be made at the beginning of each year. Assuming that Lancer invests these payments at an annual rate of x percent, how much will it have accumulated by the end of the 8th year? The Lancer Leasing Company has agreed to lease a hydraulic trencher to the Chavez Excavation Company for $20,000 a year over the next 8 years Lease payments are to be made at the beginning of each year. Assuming that Lancer invests these payments at an annual rate of X%, how much will it have accumulated by the end of the 8th year? $301,706 O $263,279 O $275,513 O $240,420 O $288,314

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