ZXC has 20 annual lease payments remaining in its contract. The next one for $2.5m is due in 4 months. The payments decrease with the equipment value by 4% per year. Using a 12% discount rate, what is today’s present value of the remaining lease payments? show your work

Answer rating: 100% (QA)

Solution If the first annual lease payment is 2500000 then the schedule of th... View the full answer