23..... hw..........//.

You skipped this question in the previous attempt. King Cones leased ice cream-making equipment from Ace Leasing. Ace earns interest under such arrangements at a 5% annual rate. The lease term is eight-months with monthly payments of $11,500 due at the end of each month. King Cones elected the short-term lease option. What is the effect of the leasefon King Cones' earnings during the eight-month term (ignore taxes)