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1 vote
"tradeall inc., leases automobiles for its sales force. on january 1, 2017, the company leased 100 automobiles and agreed to make lease payments of $10,000 per automobile each year. the lease agreement expires on december 31, 2021, at which time the automobiles can be purchased by tradeall for a nominal price. assume an effective rate of 10 percent."

User Gavdotnet
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1 Answer

5 votes
I think the answer is 700
User Carmensita
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