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The Herbertson Company leases machines to clients. Annual rentals are paid each year, with the first payment due on the day the lease begins. A

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The Herbertson Company leases machines to clients. Annual rentals are paid each year, with the first payment due on the day the lease begins. A machine with a book value of $10,000 s leased. Unguaranteed salvage value is $1,000. Lease term is five years. Herbertson's interest rate is 5%. What is the annual lease payment? Select one O a. $2,261.33 o b. s2,02740 o c. $2,199.76 O d. $2,128.77 O e.$1,979.78

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