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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
Maya Technology Co leases computer equipment to customers under directfinancing Capital Leases. The
equipment has no residual value at the end of the lease. Maya wishes to earn interest on a five year lease of
equipment with a fair value of $ 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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