Mars Airlines signs a 15-year lease to lease a certain aircraft Aviation Leasing Corporation. The lease calls for $15 p

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answerhappygod
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Mars Airlines signs a 15-year lease to lease a certain aircraft Aviation Leasing Corporation. The lease calls for $15 p

Post by answerhappygod »

Mars Airlines signs a 15-year lease to
lease a certain aircraft Aviation Leasing Corporation. The
lease calls for $15 payment in the first year, with payments
escalating at 4% per year. At an interest rate of 9% what is
the economic value of this lease today?
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