The annual rental payments on a finance lease are 16,000. If the rate of interest on borrowing
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The annual rental payments on a finance lease are £16,000. If the rate of interest on borrowing for this purpose is 8%, what is the capital value of the lease?
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To calculate the capital value of the lease you can use the formula for the present value of an annu...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 2
ISBN: 9781292085050
13th Edition
Authors: Frank Wood, Alan Sangster
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