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A leased out a plant to B on following terms: Down Payment RM10,000 Annual Payments (at end of year) RM20,000 Lease Term = 5 years Interest rate implicit in the lease 10% per annum Residual value guaranteed by B =RM10,000 Estimated residual value at end of lease term RM15,000 When the annual discount rate is 10%, the present value of RM1 annuity payable at the end of years 1–5 is 3.791. The PV of single ringgit at year end in year 5 is0.621.
Calculate lease receivable amount for lessor, A.
Sagot :
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