Question: Present and future values of $ 1 at 3 % are presented below: A firm leases equipment under a long - term finance lease (

Present and future values of $1 at 3% are presented below:
A firm leases equipment under a long-term finance lease (analogous to an installment purchase) that calls for 12 semiannual payments of 52,114.59.
The first payment is due at the inception of the lease. The annual rate on the lease is 6%. What is the value of the leased asset at inception of the
lease?
Present and future values of $1 at 3% are presented below:

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