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E21.2 LO2,4) Fieger Company leases equipment for 8 years with ual rental of $2,000 per year or $16,000 in total. General Leas- ing (the lessor)

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E21.2 LO2,4) Fieger Company leases equipment for 8 years with ual rental of $2,000 per year or $16,000 in total. General Leas- ing (the lessor) agrees to provide Fieger with $300 for the first 2 years of the lease to defray needed repairs to the equipment. Determine the lease payments that Fieger will pay for the first 3 years of the lease agreement

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