For the following lease,determine the minimum lease payments for the lessor. $$\begin{array} { | l | l | }
\hline \text { Annual lease payment at the end of the end } & \$ 22,000 \
\hline \text { Lease term } & 5 \
\hline \text { Incremental rate } & 10 \% \
\hline \text { Implicit rate (unknown to lessee) } & 8\% \
\hline \text { Unguaranteed residual value } & 15,000 \
\hline \text { Bargain purchase option } & 5,000 \
\hline
\end{array}$$
A)86,502
B)91,243
C)95,816
D)101,451

Question

For the following lease,determine the minimum lease payments for the lessor. $$\begin{array} { | l | l | } 
\hline \text { Annual lease payment at the end of the end } & \$ 22,000 \
\hline \text { Lease term } & 5 \
\hline \text { Incremental rate } & 10 \% \
\hline \text { Implicit rate (unknown to lessee) } & 8\% \
\hline \text { Unguaranteed residual value } & 15,000 \
\hline \text { Bargain purchase option } & 5,000 \
\hline
\end{array}$$
A)86,502
B)91,243
C)95,816
D)101,451

Quizplus · Accepted Answer

The Answer of For the following lease,determine the minimum lease payments for the lessor. $$\begin{array} { | l | l | } 
\hline \text { Annual lease payment at the end of the end } & \$ 22,000 \
\hline \text { Lease term } & 5 \
\hline \text { Incremental rate } & 10 \% \
\hline \text { Implicit rate (unknown to lessee) } & 8\% \
\hline \text { Unguaranteed residual value } & 15,000 \
\hline \text { Bargain purchase option } & 5,000 \
\hline
\end{array}$$
A)86,502
B)91,243
C)95,816
D)101,451

For the Following Lease,determine the Minimum Lease Payments for the Lessor