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You may use your financial calculator or present value tables for this question. Firm A leased equipment with a list price $1,215,800, a lease life of 20 years, an initial (down) payment of $100,000, and
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You may use your financial calculator or present value tables for this question. Firm A leased equipment with a list price $1,215,800, a lease life of 20 years, an initial (down) payment of $100,000, and an annual payment of $100,000 for 19 additional periods. What is the implied lease contract interest rate

User Ashirwad
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Answer:

$11,158 for 19yrs

Step-by-step explanation:

See attached file

You may use your financial calculator or present value tables for this question. Firm-example-1
User Yulisa
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