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Business, 31.03.2020 00:16 shonnybenskin8

Titanic Corporation leased executive limousines under terms of $110,000 to be paid at the inception of the lease, and four equal annual payments of $120,000 to each be paid thereafter on the anniversary date of the lease. The interest rate implicit in the lease is 11%. The first year's interest expense would be

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Titanic Corporation leased executive limousines under terms of $110,000 to be paid at the inception...
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