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The effective interest calculated in a lease amortization table for the current period was $6,394. The balance of the lease obligation at the beginning of

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The effective interest calculated in a lease amortization table for the current period was $6,394. The balance of the lease obligation at the beginning of the current period was $53,282, and was $49,676 at the end of the current period. Therefore, the effective annual interest rate for the lease is: 12% 9% 10% 11%

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