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Sandhill Co. has machinery that cost $177,000. It is to be leased for 15 years...

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Accounting

Sandhill Co. has machinery that cost $177,000. It is to be leased for 15 years with rent received at the beginning of each year. Sandhill wants a return of 12%. Click here to view factor tables Compute the amount of the annual rent. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Annual rent $

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