lexiidek1228 lexiidek1228
  • 01-05-2024
  • Business
Answered

A particular machine costs you $25,000 to buy and has a useful life of 4 years with no salvage value at the end. If your cost of capital is 15%, what should be the monthly lease payment (at start of month) you charge for this machine?
a. $696
b. $687
c. $730
d. $635



Answer :

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