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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 is leased. Unguaranteed salvage value is $1,500. Lease term is five years. Herbertson's interest rate is 5% What is the approximate annual lease payment? Select one: a. $2,156.22 b. $2.309.75 c. $2.199.76 d. $2.038.29 e.) 51,941,22

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