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CALCULATOR PRNTER VERSON 'BACK Problem 148 Jill Morris is presently leasing a small business the lessor (E computer from Eller Office Equipment Company. The lease

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CALCULATOR PRNTER VERSON 'BACK Problem 148 Jill Morris is presently leasing a small business the lessor (E computer from Eller Office Equipment Company. The lease requires 15 annual payments of $7,000 at the end of each year and provides ler) with an 9% return on its investment. You may use the following 9% interest factors: 11 Periods 15 Periods 13 Periods 2.58043 3.64248 3.06580 0.38753 0.27454 0.32618 Future Value of Ordinary Annuity of 1 17.56029 29.36092 22.95338 Present Value of Ordinary Annuity of 1 6.80519 8.06069 7.48690 Present Value of an Annuity Due of 1 7.41766 8.78615 8.16073 Future Vallue of 1 Present Value of 1 Assuming the computer has a ten-year life and will have no salvage value at the expiration of the lease, what was the original cost of the computer to Eller? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,582.) Original Cost What amount would each payment be if the 15 annual payments are to be made at the beginning of each period? (Round factor values to 5 decimal places, e.g. 1.25124 and final answver to 0 decimal places, e.g. 458, 582.) Each payment Click if you would like to Show Work for this question: Open Shom Work 405 PM earch 11/00/2018

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