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question: 5 year lease, first payment is $10,000 at end of the first period, payment increases by 5% each time and interest rate is 7%.

question: 5 year lease, first payment is $10,000 at end of the first period, payment increases by 5% each time and interest rate is 7%. Determine present value of lease and write out the amortization table? (Also please explain the answer in detail for understanding)

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