Rabbit Inc

question 15

Multiple Choice

Rabbit Inc.has an asset with a fair market value of $450,000 that it wants to lease.Rabbit's wants to recover its net investment in the leased asset and earn an 8%.The asset will revert back to Rabbit's at the end of a 5-year lease term and it is expected that the residual value of the asset will be $20,000 at the end of the lease.If Rabbit wants to charge rent semi-annually starting at the beginning of the lease, what amount should the lease payments be (rounded to whole dollars) ?

• A)$60,817
• B)$62,096
• C)$101,200
• D)$104,367

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The trust and confidence that the public places in its government and institutions, essential for the stability and effectiveness of a democratic society.

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Pertaining to workers who engage in manual labor, often in industries such as manufacturing, construction, and maintenance.

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