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Amayo Leasing acquires equipment and leases it to customers under long-term sales-type leases. Amaya earns interest under these arrangements at a 6 annual rate. Amayo

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Amayo Leasing acquires equipment and leases it to customers under long-term sales-type leases. Amaya earns interest under these arrangements at a \6 annual rate. Amayo leased a machine it purchased for \\( \\$ 650,000 \\) under an arrangement that specified annual payments beginning at the commencement of the lease for six years. The lessee had the option to purchase the machine at the end of the lease tem for \\( \\$ 150,000 \\) when it was expected to have a residual value of \\( \\$ 210,000 \\) Caiculate the amount of the annual lease payments Note: Use tables, Excel, or a financial calculator. Enter amounts rounded to the nearest whole dollar. (FV of \\$1, PV of \\$1, FVA of \\$1. PVA of S1. EVAD of \\$1 and PVAD of \\$1)

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