Melody Inc. is considering leasing a piece of equipment with a fair value of $108,000 for three years. The current market interest rate for financing the equipment is 5% compounded semi-annually. Calculate the semi-annual lease payment assuming that the payment is made at the end of the period

Answer rating: 100% (QA)

Considering the lease PV of lease rentals Given r 5 2 P... View the full answer