Solved

Kevin Has Taken an Apartment on Lease for Five Years

Question 9

Multiple Choice

Kevin has taken an apartment on lease for five years with a monthly rental of $3,500.At the end of five years,Kevin will be the legal owner of the apartment after an additional payment of $80,000.This type of lease is an example of a _____ lease.


A) leveraged
B) capital
C) direct
D) operating

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions