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Help Save & E Jagadison Co.leases computer equipment to customers under sales type leases. The equipment has no residual value at the end of the

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Help Save & E Jagadison Co.leases computer equipment to customers under sales type leases. The equipment has no residual value at the end of the lease and the leases do not contain purchase options. Jagadison desires a return of 12% Interest on a five-year lease of equipment with a fair value of $718,586. The present value of an annuity due of $1 at 12% for five years is 4.037. What is the total amount of interest revenue that Jagadison will earn over the life of the lease? Multiple Choice $171.414 $178,000 $431152 $143 717

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