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In the worksheet lease amortization schedule , you will find information about a three - year lease initiated on Jan. 1 , Year 1 .

In the worksheet lease amortization schedule, you will find information about a three-year lease initiated on Jan. 1, Year 1. This lease calls for quarterly payments of $30,000 at the beginning of each quarter, starting from Jan. 1, Year 1. The market interest rate at the time of issuance is 12%. Please calculate the present value of lease payments, and complete the amortization schedule. You have to put in the correct formulas, not just the numbers. You will lose 10 points if you put in numbers (even if they are correct), instead of formulas.
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