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Your client, Albert Johnson Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 2 5 years. Johnson
Your client, Albert Johnson Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period
of years. Johnson has an investment cost of $ in the machine, which has a useful life of years and no salvage value at the
end of that time. Your client is interested in earning an return on its investment and has agreed to accept equal rental payments
at the end of each of the next years.
Click here to view factor tables.
You are requested to provide Johnson with the amount of each of the rental payments that will yield an return on investment.
Round factor values to decimal places, eg and final answer to decimal places, eg
Amount of each rental payments $
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