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In biblical times,chariots and carts were widespread in the Middle East,but by the 6th century,the old Roman roads had deteriorated so much that wheeled vehicles were replaced by camels.This illustrates that the processes of change is sometimes due to _______________.
Periodic Lease Rental Payments
Regular payments made by a lessee to a lessor for the use of property, equipment, or vehicles, typically established under a lease agreement.
Direct Financing Lease
A leasing arrangement in which the lessor finances the leased asset, and the lessee's payments are structured to cover the asset's costs and provide a return to the lessor.
Implicit Interest Rate
Refers to the interest rate in a financial transaction that is not explicitly stated but rather implied by the terms of the arrangement.
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