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Present and future value tables of $1 at 11% are presented below. 1 2 3 PV of $1 FV of $1 PVA of $1FVA of
Present and future value tables of $1 at 11% are presented below. 1 2 3 PV of $1 FV of $1 PVA of $1FVA of $1 0.90090 1.11000 0.90990 1.0000 0.81162 1.23210 1.71252 2.1100 0.73119 1.36763 2.44371 3.3421 0.65873 1.51807 3.10245 4.7997 0.59345 1.68506 3.69590 6.2278 0.53464 1.87041 4.23054 7.9129 4 5 6 Titanic Corporation leased executive limousines under terms of $20,000 to be paid at the inception of the lease, and three equal annual payments of $30,000 to each be paid thereafter on the anniversary date of the lease. The interest rate implicit in the lease is 1x. The best year's interest expense would be:( Round your intermediate calculations and final answers to the nearest dollar amount.) Multiple Choice $3,300 Next > BE 3 of 25
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