delency company leases as automobile with a fair value of $10,000 from john Simon Motors, Inc........

Exeru'se 21.03 aag Delaney many lease an amormbile widi a fair value dismouu from John simon Mamas, Inc, on die fullulwirlg tenrs: l. hhmmnaelahle term af nun'ls. 2. mental m' $200 per mend. (at the beginning at eadl month). (rne ansent value at 0. 5% per menu. is $0,073.) I I I 3. Delaney guarantees a risidual value nf$1,ln (die mm value at 0.5% per month e $920). Debt-2y eqaeds die pruhahle residual ualueoo be $1,100 at die and oftne lease oerrn. 4. Btirnated emnclml: life oldie automuhile is so mondis. {mm "'3 \"a d '"m' 5 \"E W\" \"t 5. Delaneys inenenenlal humming rate is 6% a year (0.5% a month). Simon's lmpliut late is mknmun. gum-mm and m m \"Hi What is the nature uflis leseto Delaney-2 mummmgkaisyj;- ' ll What is the present Valle of\": lease paymemsm deoerrnirieme lease liability? $ Renard are rst mondr's amuizahnn on Delamy's heals (assume straithine). Flaunt I ohl m5 vane eeasenayme II it in\" _ m m Based on line original fact aauern, reaoni the lease on Delaners bunks attne daoe ateorranerieemenr. l l ' Ikz [uni mintselm I I I supposemat instead drum, Delaney expeors die residual valueoo be only 3500 (die guiranteed amount is sdll $1,100). Haw l l l dash ealaulaluaneldie preeeilualueamie lease payments dlangefrun part (b)? a. w unease paymerls I hand line rst months lease payment (at urnmenxzma'lt uflhe lease). ( mmmwm \"d" m