Use the Following to Answer Questions

question 24

Multiple Choice

Use the following to answer questions
Present and future value tables of $1 at 3% are presented below:

-A firm leases equipment under a capital lease (analogous to an installment purchase) that calls for 12 semiannual payments of $39,014.40.The first payment is due at the inception of the lease.The annual rate on the lease is 6%.What is the value of the leased asset at inception of the lease?

• A)$388,349.
• B)$400,000.
• C)$454,128.
• D)$440,082.

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Definitions:

Glossopharyngeal Nerve

The ninth cranial nerve which is responsible for sensory and motor functions in the throat, including taste on the posterior third of the tongue.

Sense of Taste

The sense of taste is one of the five traditional senses and refers to the capability to discern different flavors in food and drinks through taste receptor cells on the tongue.

Intrinsic Tongue Muscles

Muscles located entirely within the tongue, essential for movements like rolling and elongating.

Cranial Nerves

Twelve pairs of nerves that originate in the brain and control a variety of functions including sensation, motor skills, and autonomic functions in the head and neck.