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For each of the three independent situations below determine the amount of the annual lease payments. Each describes a finance lease in which annual lease
For each of the three independent situations below determine the amount of the annual lease payments. Each describes a finance lease in which annual lease payments are payable at the beginning of each year. Each lease agreement contains an option that permits the lessee to acquire the leased asset at an option price that is sufficiently lower than the expected fair value that the exercise of the option appears reasonably certain. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) (Use approprlate factor(s) from the tables provided.) Determine the annual lease payments for each situation: (Round your intermedlate and final answers to the nearest whole dollar amount.)
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