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Semiannual payments beginning on the date the lease is

Kansas Kites is preparing a contract to lease a machine to Jabo Company for a period of 10 years. Kansas Kites purchased the machine for $1,500,000 and would like to earn a return of 5% on its investment. If the contract is to provide for 20 semiannual payments beginning on the date the lease is signed, what should be the amount of each semiannual lease payment?

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Accounting Basics: Semiannual payments beginning on the date the lease is

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Accounting Basics: Semiannual payments beginning on the date the lease is

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