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Jagadison Company 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 Company 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 6% interest on a five-year lease of equlpment with a fair value of $794,770. The present value of an annuity due of $1 at 6% for five years is 4.465 . What is the total amount of interest revenue that Jagadison wil earn over the Iffe of the lease? Munipla Chalice 595,230 S178.000 $238.431 3),054

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