Question: please someone answer the question only using the financial calculator. please do not answer person who keeps answering it the longhand method. i need only
Chapter 17-Leases 79 An asset with a market value of $100,000 is leased on 1/1/x0. Five annual lease payments are due each January 1 beginning 1/1/x0. The unguaranteed residual value on 12/31/x4, the last day of the lease term, is estimated at $40,000. The lessor's implicit interest rate is 8%. What is the annual lease payment? s18,227 A) $16,877 B) $23,191 C) $25,046 Ans: B PMT= 20000 Pv= 79854 Difficulty: Medium Level of Learning: Application Topic: LO2 80 An asset with a market value of $100,000 is leased on 1/1/x0. Five annual lease payments are due each January 1 beginning 1/1/x0. The lessee guarantees the $40,000 residual value as of 12/31/x4, the last day of the lease term. The lessor's implicit interest rate is 8%. What is the annual lease payment? $18,227 A) $16,877 B) $23,191 C) $25,046 Ans: B Difficulty: Medium Level of Learning: Application Topic: LO2 nzzle
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