1. The Company owns a machine with a value of $50,000 and a 5-year useful life. The estimated salvage value in five years is $10,000. The number of payments will be five (5) and the first payment is due immediately. The remaining payments are due at the end of each of the next four years. Assume your client desires a 10% rate of return. 
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3. What amount of payment should be specified in the lease contract?
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Answer rating: 100% (QA)

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