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A lease agreement that qualifies as a finance lease calls for annual lease payments of $ 2 6 , 2 6 9 over a six

A lease agreement that qualifies as a finance lease calls for annual lease payments of $26,269 over a six-year lease term (also the assets useful life), with the first payment at January 1, the beginning of the lease. The interest rate is 5%.(FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)(Use appropriate factor(s) from the tables provided.)

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