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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
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 is leased. Guaranteed salvage value is $1,000. Lease term is five years, Herbertson's interest rate is 5%. What is the annual lease payment? Select one: a: $2,261.33 O b. $2,027.40 c. $2,199.76 d. $2,128.77 e. $1,979.78 Clear my choice
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