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If you lease a machine on March 1,2023, the term of the lease is 60...

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Accounting

If you lease a machine on March 1,2023, the term of the lease is 60 months, and the first payment is due on April 1,2023, then the present value of those 60 lease payments will be found by using the concept of Annuity Due since the payments are happening at the beginning of each month.
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