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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

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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 Interest on a five-year lease of equipment with a fair value of $970,425. The present value of an annuity due of $1 at 8% for five years is 4 313. What is the total amount of interest revenue that Jagadison will earn over the life of the lease? OA 5154.575 OB. $225,000 C. $388,080 D. $418,350

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