FLL Inc., a manufacturer and sales type lessor, leased a machine with a cash selling price of 2,738,081 and a manufacturing cost of 1,500,000.

The lease term is 4 years and annual rentals are due at the beginning of each year. What is the annual lease payments of the lessee for FLL Inc. to earn 10%?

Answer rating: 100% (QA)

We can use the present value of an annuity formula to calculate the annual lea... View the full answer