Intermediate accounting financial II

Question 52 3 pts 49er Company signs a 10-year lease on a piece of equipmpent on July 1, 2020. The lease calls for $6,000 semi-annual payments on December 31 and June 30 (starting December 31, 2020). 49er has guaranteed a $1,000 residual value on the piece of equipment when it is returned to the lessor. The annual implicit rate in the lease is 9.25%. Calculate the present value of the lease. Round to the nearest dollar. Previous Ne Not saved hi