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I need to correct answer for question 2 present value= annual installment= Benning Manufacturing Company is negotiating with a customer for the lease of a

image text in transcribedI need to correct answer for question 2 present value= annual installment=

Benning Manufacturing Company is negotiating with a customer for the lease of a large machine manufactured by Benning. The machine has a cash price of $940,000. Benning wants to be reimbursed for financing the machine at a 9% annual interest rate. Determine the required lease payment if the lease agreement calls for 15 equal annual payments beginning immediately. Determine the required lease payment if the first of 15 annual payments will be made one year from the date of the agreement

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