Calculate the required lease payment


Problem:

Scyamore Company is negotiating with a customer for the lease of a large machine, manufactured by Scyamore. The machine has a cash price of $800,000. Syamore wants to be reimbursed for financing the machine at a 12% annual return. Calculate the required lease payment if the lease calls for 10 annual payments with the first payment due today.

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Finance Basics: Calculate the required lease payment
Reference No:- TGS02058121

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