The monthly lease payments for a four year lease of the Bulldozer are closest to ________

Suppose the purchase price of a bulldozer is $90,000, its residual value in four years is certain to be $15,000, and there is no risk that the lessee will default on the lease. Assume that capital markets are perfect and the risk-free interest rate is 6% APR with monthly compounding.

A) $1,870
B) $1,825
C) $1,750
D) $2,115


Answer: B

Business

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A) each employee in the organization is given permission to make decisions about their company. B) only top-level management is given decision-making authority. C) managers at various levels throughout the organization are given decision-making authority. D) each stockholder is given decision-making authority.

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