need help with situation 4

Each of the four independent situations below describes a sales-type lease in which annual lease payments of $19,500 are payable at the beginning of each year. Each is a finance lease for the lessee. (FV of $1. PV of $1, FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1 5 5 13% Situation 2 3 5 5 6 6 13% 13% 4 5 8 13% @ Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value: Guaranteed by lessee Unguaranteed Purchase option: After (years) Exercise price Reasonably certain? $ 7,800 0 $ 3,900 $ 3,900 $7,800 none n/a n/a 4 $ 8,900 no 5 $ 2,990 no 3 $ 4,900 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 2 3 A. The lessor's 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable 20.0% 1.20000 1.44000 1.72800 2.07360 2.48832 TABLE 1 Future Value of $1 FV = $1(1 + ir all 10% 1.5% 2.0 2.5% 3.09 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.09% 10.0% 11.0% 12.0% 1 101000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 104500 1.05000 105500 106000 107000 1.00000 1.09000 1.10000 1.11000 1.12000 2 1.02010 1.03022 1.04040 105063 1.06090 1.07123 1.08160109203 1.10250 1.11303 1.12360 1.14490 1.16640 1.18810 1.21000 1.23210 1.25440 31.03030 1.04568 1.06121 1.07600 1.09273 1.10872 1.12485 1.14117 1.15763 1.17424 1.191021.22504 1.25971 1.29503 1.33100 1.36763 1.40493 4 1.04060 106136 1.08243 1.10381 1.12551 1.14752 1.16986 1.19252 121551 1.23882 126248 1.31080 1.36049 1.41158 1.46410 1.51807 1.57352 5 1.05101 1.07728 1.1040B 1.13141 1.15927 1.18769 1.21665 124618 1.27628 1.30696 1.33823 1.40255 1.46933 1.53862 1.61051 1.68506 1.76234 6 106152 1.09344 1.12616 1.15060 1.19405 1.22926 1.26532 1.30226 1.34010 1.37884 1.41852 1.50073 1.58687 1.67710 1.77156 1.87041 1.97382 7 1.07214 1.10984 1.14860 1.18860 1.22087 1.27228 1.31593 1.36086 140710 1.45468 150363160578 1.71382 1.82004 1.04872 207616 2.21068 8 1.08286 1.12649 1.17166 121840 1.26677 1.31681 1.36857 142210 147746 1.53460 159385 1.71819 1.85093 1.09256 2.14359 2.30454 2.47596 1.09369 1.14339 1.19509 124886 1.30077 1.36290 1.42331 148610 1.55133 1.61909 168948 1.83846 1.99900 2.17189 2.35795 2.55804 2.77308 101.10462 1.16054 1.21899 1.29008 1.34392 141060 1.48024 1.55297 1.62889 1.70814 1.79085 1.96715 2.15892 2.36736 2.59374 2.83942 3.10585 11 1.11567 1.17795 1.24337 1.31209 1.38423 1 45997 153945 162285 1.71034 1.80209189830 2.10485 2.33164 258043 2.85312 3.151763.47855 12 1.12683 1.19562 1.26824 1.34480 1.42576 1.51107 1.60103 1 69588 1.79586 1.90121 2.01220 2.25219 2.51817 2.81266 3.13843 3.49845 3.89598 13 1.13800 1.21355 1.29361 1.37851 146853 1.56396 1.66507 177220 1.88565 2.00577 2.13293 2.40085 2.71962 3.06580 3.45227 3.88328 4.36349 14 1.14047 1.23176 1.31948 141207 1.51250 1.61880 1.73168 185194 1.97093 2.11609 2.26000 2.57853 2.93719 3.34173 3.79750 4.31044 4.89711 15 1.16097 1.25023 1.34587 144830 1.55797 167535 1.80094 193528 2.07893 2.23248 2.39656 2.75903 3.17217 3.64248 4.17725 4.78450 5.47357 16 1.17258 1.26090 1.37279 1 49451 160471 1.73399 1.87293 2.02237 2.10207 2.35526 2.54005 2.95216 3.42504 3.97031 4.50497 5.31009 6.13039 17 1.18430 1.28802 1.40024 152162 165205 1.79468 1.94790 2.11338 2.29202 2.48480 2.69277 3.15082 3.70002 4 32763 5.05447 5.89500636604 18 119615 1.30734 1.42825 1.55966 1.70243 1.85749 202582 220848 2.40662 2.62147 2.85434 3.379933.99602 4.71712 5.55992 6.54355 768097 19 120811 1.32005 145681 150945 1.75351 1.92250 2. 10685 230786 2.52695 2.76565 802560 3.61653 4.315705.14166 6.11591 7.26334 8.61276 20122019 1606 1.43595 163862 1.80611 1.90979 219112 241171 265330 2.91776 3.207143.684.66096 5.60441 6.72750 8.06231 9.64629 2.99598 3.58318 429982 5.15978 6.19174 7.43008 8.91610 10.60932 12.9.3918 15.40702 18.48843 22.18611 26 62333 31.94800 38.33760 4600512 21 1.23219 1.36706 1.51567 167958 1.36029 2.05043 227877 252024 2.70596 3.07823339956 4.14056 5.033836.10801 7.40025 894017 10.80385 25128243 1.45095 1.61061185394 2.09378 2.3324 26584 300543 336635 3.81339429187 5.274) 6.84848 8.62308 10.83471 13.58546 17.00005 95 39622 30134705 15:30 1.61136 2.00757 2.42726 2.10670 3.20 3.74512432194 4.08.19574340 7.61226 10.06266 13.26768 17.44040 22.89230 29.05092 23737631 40140306 1.81402 2.20004 260506 3.26204 3.05926410102 5.81616 702900 8.51331 10 20572 14.07446 21.72452 31.40042 45.25926 65.00007 93.050971480.77180 TABLE 2 Present Value of $1 PV-51 20.04 0.83333 0.69444 0.57870 0.48225 0.40188 1.0 1.5 2.0% 2.5% 3.0 4.0% 4.5 5.0 5.5 6.0% 7.0% 8.06 9.0 10.0% 11.0% 12.0 1 0.00010 0.98522 0.00030 0.97561 0.07087 0.06618 996154 0.95604 0.95238 0.04787 0.04340 0.03458 0.92.593 0.01743 0.90909 0.00090 0.89286 20.98030 0.97066 0.96117 095181 0.04260 0.93351 812456 0.91573 0.90703 2.89845 0.89000 0.87344 0.85 734 0.84168 0.82645 0.81162 0.79719 30.07059 0.05432 0.04232 0.92860 0.01514 0.00194 0.89900 0.876.30 0.86364 0.85161 0.83962 0.81630 0.70383 0.77218 0.75131 0.73119 0.71178 4 0.95098 0.04218 0.92385 0.00595 0.88949 0.87144 0.85480 0.83856 0.82270 0.80722 0.79209 0.76290 0.73503 0.70943 0.68301 0.65873 0.63552 $ 0.05147 0.92926 0.00573 0.98385 0.86261 0.84197 0.82193 0.80245 0.78353 076513 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 6 0.04205 0.91454 0.88797 0.16230 0.03748 0.81350 0.70031 0.76790 0.74622 0.72525 070496 066634 0.63017 0.59627 0.56447 0.53464 0.50663 7 0.93.272 0.90103 0.87056 0.34127 0.81309 0.78590 0.75092 0.73483 0.71068 0.68744 0.66506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 8 0.92348 0.88771 0.85349 0.82075 0.78941 0.75041 0.73069 0.70319 0.67684 065160 0.62741 0.58201 0.54027 0.50187 046651 0.43393 0.40388 0.01234 0.87450 0.83676 0.80073 0.76642 0.73373 0.70259 067200 064461 061763 0.59190 0.54393 0.50025 0.46043 042410 0.39092 0.36061 10 0.00529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64392 0.61391 0.58543 0.55839 0.50835 0.46319 0.42241 0.39554 0.35218 0.22197 11 0.29612 0.34893 0.80426 076214 0.72242 0.60495 0.64958 0.61620 0.59468 0.55491 0.52679 0.47509 0.42808 0.38753 0.35049 0.31728 0.28748 12 0.88745 0.336.39 0.750 0.74356 0.70138 0.66178 0.62460 0.50966 0.55684 0.52598 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 13 0.87366 0.82403 0.77303 072542 0.68095 0.63940 0.60057 0.56427 0.53032 0.49856 0.46884 041496 0.36770 0.32610 0.20966 0.25751 0.22017 14 0.06096 0.81185 0.75788 0.70773 0.66112 0.61778 0.57748 0.53097 0.0507 0.47257 044230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 15 0.86135 0.70085 0.74301 0.60047 0.64186 0.50600 0.55526 0.51672 0.48102 0.44792 041727 0.245 0.31524 0.27454 0.23030 0.200000.18270 16 0.85282 078903 0.72845 0.67362 0.62317 0.57671 0.53391 0.49447 045811 0.42458 0.39365 0.33873 0.29180 0.25187 0.21763 0.18820 0.16312 17 0.0478 0.77630 0.71416 065720 0.60502 0.55720 0.51337 047318 043630 0.40245 0.37136 0.31657 0.27027 0.22107 0.19784 0.16063 0.14564 18 0.83602 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.45280 041552 0.38147 0.35034 0.29586 0.25025 0.21199 0.17986 0.15282 0.13004 19 0.2774 0.75361 0.68643 0.62553 0.57029 0.52016 0.47464 0.43330 0.39573 0.36158 0.33051 0.27651 0 23171 0.19449 0.16351 0.13768 0.11611 20 0.81054 0.74247 0.67297 0.61027 0.55368 0.50257 0.45639 0.41464 0.37689 0.34273 0.31180 0.25842 0 21455 0.17843 0.1864 0.12.03 0.10367 0.33490 0.27900 0.23257 0.10381 0.16151 0.13459 0.11216 0.09346 0.07789 0.0001 0.05409 0.04507 0,03756 0.03130 0.02608 21 0.81143 0.73150 0.65978 0.50539 0.53755 0.48557 0.43883 0.39679 0.35894 0.32486029416 0.24151 0.19866 0.16370 0.13513 0.11174 0.09256 24 078757 0.10054 0.62172055280 0.40193 0.43796 0.30012 0.14770 011007 0.276 0 2008 019715 0.15770 0.12680 0.10153 0.081700.06588 25 0.77977 0.68921 0.60053 0.53930 0.47761 0.42315 0.37512 0.33273 0.29530 026223023300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 28 0.75604 0.65010 0.57437 0.500 0.43708 0.39165 0.33348 0.29157 0 25500 0.22332 0.19565 0.150000.11591 0.00955 0.00034 0.05312 0.04187 29 0.74904 0.64936 0.56311 0.48866 0.42435 0.36875 0.32065 0.27902 0.24295 0.21168 0.18456 0.10056 0.10733 0.08215 0.06304 0.048490.03738 0.02174 0.01258 0.01040 0.00607 0.00506 30 0.74192 0.63976 0.55207 0.47674 0.41199 0.35628 0.30832 0.26700 0 23138 0.20064 0.17411 0.13137 0.09938 0.07537 0.05731 0.04368 0.03338 31 073458 0 63001 0.54125 0.46511 0.39099 0.4423 0.29646 0.25550 0.22036 0.10018 0.16425 0.12277 0.09202 0.060150.05210 0.03935 0.02980 40 0.67165 0.55126 0.45200 0.37243 0.30656 0.25257 0.20829 0.17193 0.14205 0.11746 0.09722 0.06678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00421 0.00351 0.00068 6.0% 7.0% 11.0% 12.0% 20.0% TABLE 3 Future Value of an Ordinary Annuity of $1 FVA - +11-1 1.0 1.5% 2.0 3.0% 2.5% 4.0 1 1.0000 10000 10000 1.0000 10000 10000 10000 2 2.0100 2.015020200 20250 20300 2.0350 2.0400 3 3.0301 3.0452 3.0604 3.0756 3.0909 3.10623.1216 4 4.06044.000 4.1216 4.1525 4.18364.2140 4.2465 5 5.1010 5.1523 5.2040 5.2563 5.3091 5.3625 5.4163 1.0000 20450 3.1370 4272 5.4707 5.0 5.5% 1.0000 1.0000 20500 20550 3.1520 2.1680 4.3101 4.3423 5.5256 5.5811 1.0000 20600 2.1836 4.3746 5.6371 1.0000 20700 3.2149 4.4309 5.7507 1.0000 2.0800 3.2464 4.5061 5.8666 9.0% 1.0000 2.0900 3.2781 4.5731 5.9847 10.0% 1.0000 2.1000 3.3100 4.6410 6.1051 1.0000 2.1100 3.3421 4.7097 6.2278 1.0000 21200 3.3744 4.7793 6.3528 1.0000 2.2000 3.6400 5.3680 7.4416 7 6 6.1520 6.2296 6.3081 6.3877 64684 6.5502 6,6330 6.7169 6.8019 69881 6.9753 7.1533 7.3359 7.5233 7.7156 7.9129 8.1152 9.9299 7.2135 7.3230 7.4343 7.5474766257.7794 7.9983 8.0192 8.1420 B.2669 8.3938 8.6540 8.9228 9.2004 9.4872 9.7833 10.0890 12.9159 8 8.2857 8.4328 8.5830 8.7361 8.9923 0.0517 02142 0.2800 95401 0.7216 9.8975 10.2590 10.6366 11.0285 11.4350 11.6594 12 2997 16.4991 9.3585 9.5593 9.7546 9.9545 10.1591 10.3685 10.5828 10.8021 11.0266 11.2563 11.4913 11.9790 12.4876 13.0210 13.5795 14.1640 14.7757 20.7989 10 10.4622 10.7027 10.9407 11.2034 114639 11.7314 12.0061 12.2882 12.5779 12.8754 13.1808 13.8164 14.4866 15.1929 15.9374 16.7220 17.5487 25.9587 11 11.5668 11.8633 12.1687 12.4835 12.8078 13.1420 13.4864 13.8412 14.2006 14.5035 14.9716 15.7836 16.6455 17.5603 18.5312 19.5614 206546 32.1504 12 12.6825 12.0412 12:4121 13.7056 14.1020 14.6020 15.0258 15.4640 15.0171 16.3856 16.8690 17.808 18.9771 201407 21.3543 22.7132241331 30 SOOS 13 12.8093 14.2368 14.6803 15.1404 156178 16,1130 16.6268 17.1599 17.7130 18.2868 18.8821 20.1406 21.4053 22.9534 24.5277 26 2116 28.0291 48.4966 14 14.9474 15.4504 15.9739 16.5190 17.0063 17.8770 18.2019 18.9321 10.5986 20.2926 21.0151 22.5505 24.2140 26.0192 27.9750 20.0949 32.9026 50.1950 15 16.090 16.6621 17.2934 17.9319 18.5989 19.2957 20.0236 20.7841 21.5786 22.4087 23.2760 25.1290 27.1521 20.3600 31.7725 34.4054 37.2797 72.0751 16 17.2579 17.9324 18.6393 19.3802 20.1569 20.9710 21.8245 22.719 23.4575 245411 25.6725 27.8081 30324) 33.0024 35.0997 19.109942753387.4421 17 18.4304 19.2014 20.0121 20 1647 217616 22.7050 23.6975 24.7417 25.104 26.9064 28.212030.8402 33.7502 073 40.5447 445008488837 105.9306 18 19.6147 20.4004 214123 22.3863 234144 24.4097 25.6454 26.8551 28.1324 294812 30.0057 33.9 37.450241.3013 45.5992 50.395955.7497 120.1167 19 20.8109 21.7967 22.8406 23.9460 25.1169 26.3572 276712290636 30 539032.102733.7600 37.3790 41.4463 46.0185 51.1591 56.999563.4397 154.7400 20 22.0190 23.1237 24.2974 25.5447 268704 28 2797 29.7781 31.3714 33.0660 34.8683 36.7856 40.0955 45.7620 51.1601 57.2750 64 2028 72.05241866000 21 23.2392 24.4705 25.7833 27.1833 28 6765 30 2695 31.9692 33.7831 35.7193 37.7361 39.9927 44.8652 50.4220 56.7645 60.0025 72.2651 81.6087 225.0256 30 34.7840 37.5387 40.5681 43.9027 47.5754 51.6227 56.0049 61.0071 66.433872.4355 79.0582 94.4608 113.2832 136 3075164.4060199.0209 241.3327 1181.6816 40 48.8864 54.2679 60.4020 67 1026 75 4013 34.5503 95.0255 107.0303 120.998 136.6056 154.7620 100 6351 250.0565 337.8824 442.5926 581.8261 767.0914 7343.8578 TABLE 4 Present Value of an Ordinary Annuity of $1 (1+r PVA - 1 w 1.0 1.5% 2.5 3.5% 4.0 4.5% 5.0% 5.5% 6.0% 10.99010 0.08522 0.90 0.07561 0.97087 0.96618 0.96154 0.95694 0.95238 0.04787 0.94340 2 1.97040 1.05588104156 1.92742 1.01347 1.89960 1.88609 1.87267 1.85041 1.84632 1.83339 72040902.01220 2.3 2.2 2.2861 2.80164 2.77500 2.74806 2.72225 2.69793 2.67301 4 3.90197 3.85438 3.807733.76197 3.71710 3.67308362990 3.58753 3.54595 3.50515 3.46511 5 4.85343 4782644.71346 4.64583457971 4.51505 4.45182 4.38998 4.32948 4.27028 4.21236 7.09 8.02 9.0% 10.0% 11.0% 12.0% 20.0% 0.93458 0.92593 0.01743 0.90909 0.00090 0.9286 0.83333 1.80602 1.78326 1.75011 1.73554 1.71252 1.60005 1.52778 2.62432 257710 2.53129 2.48685 244371 2.40183 2.10648 3.38721 3.31213323972 3.16987 3.10245 3.03735 2.58873 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 2.99061 6 5.79548 5.69719 560143 5.50013 5.41719 5.32855 5.24214 5.157875.07569 4.99553 4.91732 7 6.72810 6.50821 6.47100 & 1403023028 6.11454 6.00205 5.89270578637 5.68297 558238 8 745168 7.40503 7.32508 7.170147.019606.87396 6.73274 650580 6.46321 633457 6.20979 98.5660236052 8.162247.97087 7.78611 760769743533 7.26879 7.10782 695220 6.80169 10 9.47130022218 8.98.250 8.75206 8.53020 8.31661 8.11090 7.91272 7.721737.53763 7.36009 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.32551 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 3.60459 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 3.83716 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4.03097 7.02358 6.71008 641766 6.14457 5.88923 5.65022 4.19247 11 1036763 10.07112 9.78685 051421 9.252629.00155 8.76048 8.52892 8.30641 8.09254 788687 7.49867 7.13896 6.80519 6.49506 6,20652 5.93770 4.32706 12 11.25508 10.90751 10.57534 10.25776 9.95400 966333 938507 211858 8.86325 8.61852 838354 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 4.43922 13 12.13374 11.73153 11.34837 10.08310 10.63496 10.30274 9.98565 9.682859.39357 2.11708 8.85268 8.35765 7.90378 748690 7.10236 6.74997 642355 4.53268 14 13.00370 12.54338 12.10625 11.89091 11.29607 10.92052 10.56312 10.22283 9.89864 0.58965 9.29498 8.74547 8.24424 7.78615 7.36669 6.98187 6,62817 461057 15 13.86505 13.34323 12.84926 12 38138 11.93794 11.51741 11.11839 10.73955 10.87966 10.0375B 9.71225 9.10791 8.55948 8.06060 7.60608 7.19087 6.61086 467547 16 14.71787 14.13126 13.57771 13.05500 1256110 12.09412 11 65230 11.23402 10.83777 10.46216 10.10500 9.44665 8.85137 8.31256 7.82371 7.37916 697399 472956 17 15.56225 14.90765 14 29187 13.71220 13.16612 12.65132 12.16567 11.70719 11 27407 10.86461 10.47726 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 477463 18 16.30927 15.67256 14.90203 14.35336 1375351 13.18968 12.65930 12.15999 11.6959 11.24607 10.82760 10.05909 9.37189 8.7556) 8.20141 7.70162 7.24967 4.81219 19 1722601 16:42617 15.67846 14.97889 14.32380 13.70984 13.13394 12.59329 12.08532 11.60765 11.15812 10.33560 0.60360 8.95011 8.36492 7.839297.36578 484350 201804555 171684 16.35143 15.58016 14.87747 14.21240 13.50033 13.00704 12.46221 11.05038 114000210.50401 0.81815 0.12855 6.51356 7.96303 7 46044434058 21 18.85608 17.90014 1701121 16.18455 15.41502 14 69797 14.02916 13.40472 12.82115 12.27524 11.76408 10.83553 10.01680 9 29224 8.64850 8.07507 756200 4 89132 25 2202316 20.71961 19.52346 18.42438 17.41315 16.48151 156220R 14.82821 14.09394 1341393 12.7936 11.65358 10.67478 982258 9.07704 8.42174784314 494759 30 25.80771 24.01584 22.39646 20.93029 19.60044 18.39205 17.29203 16.28889 15.37245 14.53375 13.76483 12.40904 11.25778 1027365 9.42601 8.69379 8.05519 497894 40 3283469 29.91585 2735548 25.10278 23.11477 21.35507 19.79277 18.40158 17.15909 16,04612 15.04630 12.33171 11.92461 10.75736 0.77005 8.05105 8.24378 4.99660 TABLE 5 Future Value of an Annuity Due of 51 FVAD - 8.0% 10.0% 12.0% 6.0% 7.0% 10600 10700 2.1836 22149 3.3746 3.4399 4.6371 47507 5.9753 1533 1.0800 22464 3.5061 4.36 6.3359 9.09 10900 2.2781 3.5731 40847 6.5230 1.1000 23100 36410 5.1051 6.7156 11.0% 1.1100 2.3421 3.7007 5.2278 6.9129 1.1200 2.3740 3.7793 5.2528 7.1152 1.0% 1.5% 2.0% 2.5% 3.04 4. SON 5.5% 1 1.0100 10150 10200 1.0250 10300 1.0350 10400 1.0450 1.0500 1.0550 2 2.0301 20452 2.0604 2.0756 2.0909 2.1052 21216 2.1370 2.1525 2.1680 3 3.0604 30909 3.1216 3.152531836 3.2149 32465 3.2782 3.3101 3.3423 4 4.1010 4.1523 42040 4.2563 430914.3625 4.4163 4.400 4.5256 45811 5 5.1520 5.2296 5.3081 5.3877 5.4684 5.5502 5.6330 5.7169 5.8019 5.8881 6 6.2135 6.230 6.4343 6.5474 6.6625 6.7794 6.8983 7.0192 7.1420 72660 7 7.2857 74120 7.5830 7.7361 7.8923 80517 8.2142 83800 8.5491 8.7216 8 8.3685 8.5593875468.0545 9.1591 9.3685 0.5828 9.3021 10.0266 10.2563 9.4622 9.7027 0.0497 10. 2034 10.4630 10.7314 11.0061 11.2882 11.5779 11.8754 10 10.5668 10.363) 11.1667 11.430511 078 121420 124064 12.9412 13.2068 13.505 20.0% 1.2000 2.6400 43680 6.4416 8.9299 7.3938 76540 8.8975 9.2598 10.4913 10.0780 12.1808 12.8164 13.9716 14.7836 7.9220 8.2004 9.6346 100285 10.4359 11.4876 12 0210 12 5795 13.4866 14.1929 14.9374 15.645516.5603 17.5312 8.7833 9.0990 10.8594 11.2997 13.1640 13.7757 15.7220 16.5487 18.5614 19.6546 11.0159 15.4901 19.7989 24.9587 31.1504 15.8679 16.8885 17.9771 19.1407 20.3843 21.7132 23.1331 17.8821 19.1406 20.4953 21.9534 23.5227 25.2116 270291 20.0151 215505 23.2140 25.0192 26.9750 29.0949 31.3926 222760 24.1290 26.152128.3609 30.7725 33.4054 36.2797 24.6725 26.8881 29.3243 32.0034 34.9497 39.1999 41.7533 38.500S 47.4966 58.1959 71.0351 36.4421 11 11.6025 120412 124121 12.7956 13.1920 13.6020 14.0258 14.4610 14.9171 15.3856 12 12 8093 13.2368 13.6803 14.1404 146178 15.1130 15.6268 16.1599 16.7130 17.2868 13 13.9474 14.4504 14.9739 15.5190 16.0963 16.6770 17 2010 17.0221 18 5986 19.2926 14 15.0960 15.6021 16.2934 16.9319 17.5000 18.2957 19.0236 19.7841 20.5786 21.4087 15 16.2570 16.0324 17.6393 18.302 19.1569 19.9710 20.8245 21.7199 22.657523.6411 16 17.4304 18.2014 19.0121 19.0547 20.7616 21.7050 22.607523.7417 24.8404 25.0964 17 18 6147 10494 20.4123 21.3063 22.4144 234907 246454250551 27.1324 20.4012 18 19.8100 20.7967 21.8406 22.0460 24.1160 25.3572 26.6712 28.0636 29.5300 31.1027 19 21.019 22.1237 23.2974 24 5447 25.8704 27.2797 217701 30.3714 32.000 333 20 22 2202 234705 247833 26.1833 27 6765 29.2695 30.9692 327831 347193 36.7861 272129 29.840232.7502 35.9737 39.5447 43.5008 47.8837 104.9306 29.9057 32.0000 36.4502 40301344.5992 40 3050 54.7497 127.1167 32.760036 3790 40.446345.0185 50.1591 55.939542.4397 153.7400 35.7856 30.0955 44.762050.1601562750 63.2028 71.0524185 6080 38.0927 43.8652 494229557645680025712651 80.69872240256 21 23.4716 24 8376 26.2990 27 8620 20 5368 31.3289 33 2480 35 3034 37 5052 39.8643 42.3923 480057 544568 61.873370.402780 2143 01.5026 2700307 25 20 5256 30 5140 32 6700 25.0117 37 5530 40.3131 413117 46.5706 50.1135539660 58.1564 67 6765 78.9544 92.3240 108.1818 126.9988 149.3339 566 3773 30 35.1327 38.1018 41.379445.0003 40.0027 53.4295 58.3283 63.7524 69.7608 76,4194 83.0017 1010730 122.3459 148.5752 100.9434 220.9132 270.2926 14182570 40 193752 55 0819 61 6100 69.0876 77.6633 87.5095 98.8265 111.0467 126.8398 1441189 1640477 2136096 279.7810 368.2919 4863518 645 6260 359.1424 88126294 TABLE 6 Present Value of an Annuity Due of $1 PVAD - (+) X (1+ ml 1.09 1.5% 2.0% 1 1.00000 100000 1.00000 2 1.99010 1.98522 1.98039 3 2.97040 2.95588 2.94156 4 3.04000 3.91220 3.883 5 4.90197 4.85438 4,80773 2.5% 3.0% 3.5% 4.0% 4.5% 1.00000 100000 1.00000 1.00000 1.00000 1.97561 1.97087 1.96618 1.96154 1.95694 2.92742 2.91347 2.89960 2.886092.87267 3.85602 3.82861 3.80164 3.77500 3.74896 4.761974.71710 4.67308 4.62090 4.58753 5.0% 5.5% 1.00000 1.00000 1.95238 1.94787 2.85941 2.84632 3.72325 3.60793 4.54595 4.50515 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 20.0% 1.00000 100000 100000 1.00000 1.00000 100000 1.00000 1.000 1.94340 1.93458 1.92593 1.91743 1.90909 1.90090 1.89286 1.8333 2.83339 2.80802 2.78326 2.75911 2.73554 2.71252 2.6.2005 2.5277 3.67301 3.62432 3.57710 3.53129 3.48685 3.44371 3.40183 3.106 4.46511 4.38721 4.312134.23972 4.16987 4.10245 4.03735 3.5882 6 7 8 5.85343 5.78264 5.71346 5.64583 5.57971 5.51505 5.45182 5.39908 6.79548 6.69719 6.60143 6.50813 6.41719 6.32855 6.24214 6.15787 7.72819 7.59821 7.47190 7.34930 722028 7.11454 7.00205 6.89270 8.65168 8.485038.32548 8.17014 8.01960 7.87396 7.73274 7.50589 9.56602 9.36052 9.16224 8.97087 878611 8.80789 8.43533 8.26870 5.32948 5.270285.21236 5.10020 4.99271 4.88965 4.79079 4.69590 4.60478 3.990 6.07569 5.99553 5.91732 5.76654 5.62288 5.48592 5.35526 5.23054 5.11141 4.3255 6.78637 6.66297 6.58238 6.38929 6. 20637 6.03295 5.86842 5.71220 5.56376 4.6045 7.46321 7.33457 7.20979 6.97130 6.74664 6.53482 6.33493 6.14612 5.96764 4.8371 8.10782 7.95220 7.801607.51523 7.24689 6.99525 6.75902 6.53705 632825 5.0800 10 11 10.47130 10.22218 9.06259 9.75206 9.53020 9.31661 9.110908.91272 8.72173 8.53763 8.36009 8.02358 7.71008 7.41766 7.14457 6.88923 6.65022 5.1924 1211.36763 11.07112 10.78685 10.51421 10.25262 10.00155 9.76048 0.52892 9.30641 9.09254 8.88687 8.49867 8.13996 7.80519 7.49506 7.20652 6.93770 5.327 13 12.25508 11.00751 11.57534 11.25776 10.05400 10.66333 10.38507 10.11858 9.86325 9.61852 9.38384 8.94260 8.53608 8.16073 7.81369 7.49236 7.19437 5.4397 14 13.13374 12.73153 12.34837 11.08018 11.63496 11.30274 10.98565 10.68285 10.39357 10.11708 9.95 268 9.35765 8.90378 8.48600 8.10336 7.74987 7.42355 5.532 15 14.00370 13.54338 13.10625 1269091 12.29607 11.92052 11.56312 11.22283 10.89864 10.5095 10.29490 9.74547 0.24424 8.73615 3.36609 7.90187 7.6.2017 5.6109 16 14.36505 14.34323 13.84926 13.38138 12.03794 12.51741 12.11839 11.73955 11.37966 11.03758 10.71225 10.10701 9.55948 9.06060 8.60608 8.10007 7.81086 5.6754 17 15.71787 15.13126 14.57771 14.05500 13.56110 13.00412 12.65230 12 23402 11.83777 11.46216 11.10500 1044665 0.85137 0.31256 8.82371 8.37016 7.07309 5.7209 18 16.56225 15.00765 15.20187 14.71220 14.16612 13.65132 1316567 12.70710 12.27407 11.86461 11.47726 1076322 10.12164 0.54363 0.02155 8 54870 3.11063 5774 19 17.30827 16.67256 15.09203 15.35336 14.75351 14.18968 13.65030 13.15909 12.68959 12.24607 11.02760 11.05009 10.371899.75563 9.20141 8.70162 8.24967 5.8121 20 18.22601 17.42617 16.67846 15.97880 15.32300 14.70984 14.13394 1359329 13.00532 12.60765 12.15812 11,33560 10.60360 0,05011 0.36492 8.83929 86578 5.843 21 19.04555 18.16864 1735143 16.58916 15.87747 15.21240 1450033 14.00794 13.46221 12.95038 12.46992 11.59401 10.81815 10.12855 9.51356 8.06333 8.46044 5.860 25 22.24339 21.03041 10.91393 18.88490 17.93554 17.05837 16.24606 15.49548 1479864 14.15170 13.55036 12.46033 11.52876 10.70661 9.98474 9.34814 8.78432 5.937 30 26.06579 24 37608 22 34438 21.45355 20.18845 19.03577 17.98371 17.02189 16.14107 15.33310 14.59072 13.27767 12.15841 11.19928 10,36961 9.65011 9.02181 5.9743 se na 10 CONCATO OG LE Each of the four independent situations below describes a sales-type lease in which annual lease payments of $19,500 are payable at the beginning of each year. Each is a finance lease for the lessee. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1 5 5 13% Situation 2 5 6 13% 3 5 6 13% 4 5 8 13% $ 7,800 Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value: Guaranteed by lessee Unguaranteed Purchase option: After (years) Exercise price Reasonably certain? $ 3,900 $ 3,900 $ 7,800 none n/a n/a 4 $ 8,900 no 5 $ 2,900 no 3 $ 4,900 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) X Answer is not complete. Situation 1 2 3 A $ 97,500 2 105,300 105,300 81,737 97,500 77,503 The lessor's 1 Lease payments Gross investment in the lease 3 Net investment in the lease The lessee's 4 Lease payments Right-of-use asset 6. Lease payable 105,300 105,300 81,737 B 97,500 77,503 77,503 >> 5 97,500 77,503 77,503 97,500 77,503 77,503