Suki Services Has Just Leased a New Printer That the Chief

question 38

Short Answer

Suki Services has just leased a new printer that the chief accountant has determined is a capital lease. The terms are as follows:
Term - 5 years
Payments - $ 7,000 due at the end of each contract year
Discount Rate - 4%
Instructions
What is the present value of the rental payments rounded to the nearest dollar?

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