A lease requires a payment at the end of each year for, Financial Management

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A lease requires a payment at the end of each year for

A lease requires a payment at the end of each year for eight years. The initial asset value is $300,000, and the lessor expects the residual value to be $50,000 at the end of the lease. If the lessor requires a return of 9 percent, how much is the annual lease payment?

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