Question: Check My Work Problem 7 - 3 0 Firm x buys equipment for $ 1 0 , 0 0 0 and leases the equipment to

Check My Work
Problem 7-30
Firm x buys equipment for $10,000 and leases the equipment to firm A for $600 a year for four years. After four years, firm x expects to sell the asset for $11,000. What is the return that firm x earns on the lease? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number. %
Check My Work
Check My Work Problem 7-30 Firm x buys equipment for $10,000

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