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Lane CoHas a Machine That Cost $200,000

Question 99

Multiple Choice

Lane Co.has a machine that cost $200,000.It is to be leased for 20 years with rent received at the beginning of each year.Lane wants a return of 10%.Calculate the amount of the annual rent. Lane Co.has a machine that cost $200,000.It is to be leased for 20 years with rent received at the beginning of each year.Lane wants a return of 10%.Calculate the amount of the annual rent. A) $21,356 B) $23,909 C) $29,728 D) $23,492


A) $21,356
B) $23,909
C) $29,728
D) $23,492

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