FUNDAMENTALS OF FINANCIAL PLANNING
Jun 06, 2014 · The terms of the lease offered by International Leasing call for a payment of $205,000 at the beginning of each year of the 5-year lease. As an alternative to leasing, the firm can borrow from a large insurance company and buy the trucks. The $1 million would be borrowed on a simple interest loan at a 10 percent interest rate for 5 years. ................
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