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Business, 26.09.2019 19:10 kdcupcake8004

King cones leased ice cream-making equipment from ace leasing. ace earns interest under such arrangements at a 6% annual rate. the lease term is eight months with monthly payments of $10,000 due at the end of each month. king cones elected the short-term lease option. what is the effect of the lease on king cones’ earnings during the eight-month term (ignore taxes)?

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