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What is the Step by Step of solving L? In a perfect capital market, PV( buy )=PV( lease ) : $50K+(1+0.4%)512$10K=L(1+0.4%)[0.4%1(1+0.4%)512] Solve for L

What is the Step by Step of solving L?

In a perfect capital market, PV( buy )=PV( lease ) : $50K+(1+0.4%)512$10K=L(1+0.4%)[0.4%1(1+0.4%)512] Solve for L

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