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can someone please help me with these two questions using a financial calculator i know i am doing it incorrectly Chapter 17-Leuses 79, An asset
can someone please help me with these two questions using a financial calculator i know i am doing it incorrectly Chapter 17-Leuses 79, An asset with a market value of $100,000 is leased on 1/10. Flve annual lease payments are due each January 1 beginning 1/1/20. The unguaranteed residual value on 12/31/x4, the last day of the lease term, is estimated at $40,000. The lessor's implicit interest rate is 8%. What is the annual lease payment? A) $18,227 B) $16,877 C) $23,191 N=5 D) $25,046 Ans: B Difficulty: Medium Level of Learning: Application Topic: LO2 iz8 PMT= 20000 PV = 79854 80) An asset with a market value of $100,000 is leased on 1/1/x0. Five annual lease payments are due each January 1 beginning 1/1/%0. The lessee guarantees the $40,000 residual value as of 12/31/24, the last day of the lease term. The lessor's implicit interest rate is 8%. What is the annual lease payment? A) $18,227 B) $16,877 C) $23,191 D) $25,046 Ans: B Difficulty: Medium Level of Learning: Application Topic: LO2 0000 cled
can someone please help me with these two questions using a financial calculator i know i am doing it incorrectly
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