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Wanda's Wonders, Inc. has leased a tractor using a ten-year finance lease. The lease payments are the same amount every year, but every year the
Wanda's Wonders, Inc. has leased a tractor using a ten-year finance lease. The lease payments are the same amount every year, but every year the amount that goes toward the interest and outstanding balance changes. In the THIRD year, the amount of the lease payment that goes towards interest is:
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