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Jill Norris is presently leasing a small business computer from Stark Office Equipment Company. The lease requires 10 annual payments of $2,500 at the end of each year and provides the lessor (Stark) with an 8% return on its investment.

Assuming the computer has a ten-year life and will have no salvage value at the expiration of the lease, what was the original cost of the computer to Stark?

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Jill Norris is presently leasing a small business computer from Stark Office Equipment Company. The lease requires 10 annual payments of $2,500 at the end of each year and provides the lessor ...

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