$1$

Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return.

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

$2\mathrm{.}5$

points

$\backslash$table$[[,$Situation$],[,1,2,3,4],[\backslash$table$[[$Lease term $($years$)],[$Lessor$\text{'}$s rate of return$]],\backslash$table$[[4],[10\%$