QuickHelper

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    Phoniex
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Category > Accounting Posted 13 Jul 2017 My Price 10.00

Calculate the amount of the annual rent

Crane Company has a machine that cost $600000. It is to be leased for 20 years with rent received at the beginning of each year. Lane wants a return of 7%. Calculate the amount of the annual rent.



 

Periods

Present Value of
Ordinary Annuity
 

19

10.33560
 

20

10.59401
 

21

10.83553



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Answers

QuickHelper
(10)
Status NEW Posted 13 Jul 2017 05:07 AM My Price 10.00

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