If the First Payment on a Lease Is Due at the Lease's

question 221

Multiple Choice

If the first payment on a lease is due at the lease's inception,which compound interest table should be used to determine the amount at which the lease should be recorded?

• A)present value of an ordinary annuity
• B)present value of $1
• C)present value of an annuity due
• D)future value of an annuity due

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