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AAPL Leasing acquires equipment and leases it to customers under long - term sales - type leases. AAPL earns interest under these arrangements at a
AAPL Leasing acquires equipment and leases it to customers under longterm salestype leases. AAPL earns interest under these arrangements at a annual rate. AAPL purchased a machine and then leased it for $ under an arrangement that specifiels annual payments to be received for five years, beginning at the commencement of the lease. The lessee had the option to purchase the machine at the end of the lease term for $ when it was expected to have a residual value of $
What is the amount of the annual lease payments? Do not round intermediate calculations. Round your answer to nearest whole dollar amount.
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