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Wildhse Corporation entered into an agreement to lease out a piece of equipment to a customer. The details of the lease are as follows: Equipment
Wildhse Corporation entered into an agreement to lease out a piece of equipment to a customer. The details of the lease are as follows: Equipment cost of $ Lease term of years Guaranteed residual value of $ Annual payments on the lease would be due at the beginning of each year. Click here to view the factor table PRESENT VALUE OF Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE. In order to earn a return, what minimum lease payments should Wildhorse charge its customer for this equipment lease
Wildhse Corporation entered into an agreement to lease out a piece of equipment to a customer. The details of the lease are as follows:
Equipment cost of $
Lease term of years
Guaranteed residual value of $
Annual payments on the lease would be due at the beginning of each year.
Click here to view the factor table PRESENT VALUE OF
Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE.
In order to earn a return, what minimum lease payments should Wildhorse charge its customer for this equipment lease
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