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= Homework: Week Three Question 4, BE18.12 (similar to) CW Leasing Company recently leased machinery to Alaska Building Associates. The 5-year lease contract requires
= Homework: Week Three Question 4, BE18.12 (similar to) CW Leasing Company recently leased machinery to Alaska Building Associates. The 5-year lease contract requires rental payments of $22,000 on January 1 of each year. The lease meets at least one of the Group I criteria. The 8% implicit rate on the lease is known to Alaska Building Associates. There is a $5,300 guaranteed residual value by the lessee, which is equal to the expected residual value at the end of the lease term. Therefore, there is no unguaranteed residual asset. Compute the present value of the lease payments for CW Leasing Company and Alaska Building. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculation. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answer to the nearest whole dollar.) HW Score: 9.77%, 2.15 of 22 points Points: 0 of 1 (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) Save (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Annuity Due table.) Present value (PV) of the lease payments for CW Leasing Company Present value (PV) of the lease payments for Alaska Building Associates Clear all Check answer Help me solve this Etext pages Get more help - 57F Partly sunny H Type here to search C 1:22 PM 1/24/2022 OF
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