Examlex
Find the first term and the common ratio for the geometric sequence. Round approximations to the nearest hundredth.
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Single Investor Lease
A lease agreement in which a single investor owns the asset and leases it directly to a company, who then has the option to buy the asset at the end of the lease term.
Conditional Sales Agreement Lease
A lease agreement where the lessee has the option to purchase the leased asset at the end of the lease term under agreed-upon conditions.
Financial Leases
Long-term leases that effectively transfer the risks and rewards of ownership from the lessor to the lessee, almost like a loan arrangement.
Amortized
Refers to the process of gradually writing off the initial cost of an asset over a period.
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