Scyamore Company is negotiating with a customer for the lease of a large machine, manufactured by Scyamore. The machine has a cash price of $800,000. Syamore wants to be reimbursed for financing the machine at a 12% annual return. Calculate the required lease payment if the lease calls for 10 annual payments with the first payment due today.© BrainMass Inc. brainmass.com March 5, 2021, 12:25 am ad1c9bdddf
Present Worth of machine=PV=$800,000
Number of ...
Solution describes the steps to calculate the annual lease amount in the given case.