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Find the function value.
-Find f(2) when f(x) = + 3x - 5.
Guaranteed Residual Value
The assured value that an asset will have at the end of its lease term, guaranteed by a party, often the lessee or manufacturer.
Bargain Purchase Option
An option in a lease agreement that allows the lessee to purchase the leased asset at a price significantly below its fair market value at the end of the lease term.
Capital Lease Obligation
A financial commitment that a lessee must recognize on their balance sheet for a lease considered a purchase of an asset rather than a rental, due to its terms meeting certain criteria.
Initial Direct Costs
Expenses that are directly associated with acquiring or originating a loan or insurance contract, or other financial instruments, that are recognized at the inception of the contract.
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