After five years firm x expects to sell the asset for 10000
Firm X buys equipment for $9,000 and leases the equipment to firm A for $700 a year for five years. After five years, firm X expects to sell the asset for $10,000. What is the return that firm X earns on the lease?
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firm x buys equipment for 9000 and leases the equipment to firm a for 700 a year for five years after five years firm x
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