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thank you will gove a thumbs up Jill Norris is presently leasing a small business computer from Rice Office Equipment Company. The lease requires 10
thank you will gove a thumbs up
Jill Norris is presently leasing a small business computer from Rice Office Equipment Company. The lease requires 10 annual payments of $2,000 at the end of each year and provides the lessor (Rice) with an 8% return on its investment. A) Assuming the computer has a 10-year life and will have no salvage value at the expiration of the lease, what was the original cost of the computer to Rice? B) What would your answer be if the payments were due at the beginning of each_year? You may use the following 8% interest factors: You may use the following 8% interest factors Step by Step Solution
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