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what is the correct answer ?? Sheridan, Inc, manufactures machinery used in the mining industry. On January 2,2021 it leased equipment with a cost of

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Sheridan, Inc, manufactures machinery used in the mining industry. On January 2,2021 it leased equipment with a cost of $530000 to Silver Point C0. The 5 -year lease calls for a10% down payment and equal annual pavments at the end of each year, The equipment has an expected useful life of 5 years. If the selling price of the equipment is $830000, and the rate implicit in the lease is 8%, what are the equal annual payments? $197057 $173232 $207879 $187091

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