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Mathematics, 23.10.2019 00:00 Nerdymania

On march 31, 2021, the freeman company leased a machine. the lease agreement requires freeman to pay 10 annual payments of $6,000 on each march 31, with the first payment due on march 31, 2021. assuming an interest rate of 10% and that this lease is treated as an instalment sale, freeman will initially value the machine by multiplying $6,000 by which of the following factors? a) present value of $1 at 10% for 10 periods. b) present value of an ordinary annuity of $1 at 10% for 10 periods. c) present value of an annuity due of $1 at 10% for 10 periods. d) future value of an annuity due of $1 at 10% for 10 periods.

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On march 31, 2021, the freeman company leased a machine. the lease agreement requires freeman to pay...
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