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What is the lease liability for a lease that is 120 months, monthly payments of 350, payments are made at the beginning, 5% implicit rate,
What is the lease liability for a lease that is 120 months, monthly payments of 350, payments are made at the beginning, 5% implicit rate, and 80,000 guranteed residual value? Would be greatly appreciated if you showed in excel how you did it.
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