Below are three independent lease scenarios. Payments are made at the end of each year. Use tables (PV of 1, PVAD of 1, and PVOA of 1) (Use the appropriate factor(s) from the tables provided. Round your intermediate calculations and final answers to the nearest whole dollar amount.)

	Case 1			Case 2			Case 3
Cost of equipment to lessor	$	50,000		$	64,000		$	100,000
Fair value of equipment	$	70,000		$	80,000		$	100,000
Guaranteed residual value	$	10,000
Unguaranteed residual value				$	8,000		$	20,000
Bargain purchase option							$	4,500
Life of lease		10	years		15	years		8	years
Economic life of asset		12	years		16	years		10	years
Rate of return required		12	%		9	%		7	%

Required:

Calculate the lease payments for the above three cases.