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1 4 . Maya Technology Co . leases computer equipment to customers under direct - financing Capital Leases. The equipment has no residual value at

14. Maya Technology Co. leases computer equipment to customers under direct-financing Capital Leases. The
equipment has no residual value at the end of the lease. Maya wishes to earn 8% interest on a five year lease of
equipment with a fair value of $323,400. Payments are due at the beginning of each year.
What is the total amount of interest revenue that Maya will earn over the life of the lease?

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