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Business, 21.01.2021 22:30 lexadoodle8945

Gamma Leasing acquires equipment and leases it to customers under long-term sales-type leases. Gamma earns interest under these arrangements at a 6% annual rate. Gamma purchased a machine and then leased it for $342,400 under an arrangement that specified annual payments to be received for five years, beginning at the commencement of the lease. The lessee had the option to purchase the machine at the end of the lease term for $49,650 when it was expected to have a residual value of $99,300. Calculate the amount of the annual lease payments. (Do not round intermediate calculations. Round your answer to nearest whole dollar amount.) The present value of $1: n

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Gamma Leasing acquires equipment and leases it to customers under long-term sales-type leases. Gamma...
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