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Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The

Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return.
Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
\table[[,Situation],[,,1,,2,,,3,,4,],[Lease term (years),,,,,8,,6,,,9],[Lessor's rate of return,,,,,10%,,,,,11%
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