## Answers

computation of payments present vake of lease - Annual lease payment - $3300 payments being usede at the beginning of each year - Annual leabe payment sx PVAR@ 15% for o years = $3300 X (1+4.1604 C 6 3300 x 5.1604 E $ 17029032 present value of leabe payments = $17029032 Note :- first year beginning present vake factor as '11 prf a citrit (115 + 1152 etc

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