Need some help.

X C Shamrock Company's x Ch 21 Assign A - ACG2 X + @ S conline broward.edu/421/e/content/464001/viewContent/11990689/View Kieso, Intermediate Accounting, 16e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT URCES 2 e2 Brief Exercise 21A B Teal Mountain Company is negotiating to lease a plece of equipment to MTBA, Inc. MTBA requests that the lease be for 9 years. The equipment has a useful life of 10 years. Teal Mountain wants a guarantee that the residual value of the equipment at the end of the lease is at least $4,000. MTBA agrees to guarantee a residual value of this amount though it expects the residual value of the equipment to be only $2,500 at the end of the lease term If the fair value of the equipment at lease commencement is $60,000, what would be the amount of the annual rental payments Teal Mountain demands of MTBA, assuming each payment will be made at the beginning of each year and Teal Mountain wishes to eam a rate of return on the lease of 6%? (For calculation purposes, use s decimal places as displayed in the factor table provided and round Rinal answer to o decimal places, eg. 5,275.) Click here to view the futon table TARZ AZ Amount of equal annual lease payments Click if you wld like to Show Work for this question: Open Show Work 11 LA Question Attempts: 0 of 3 used SAVE FOILLATT SUOMIT ANSWER V Study 11/10 Co search hp X C Shamrock Company's x Ch 21 Assign A - ACG2 X + @ S conline broward.edu/421/e/content/464001/viewContent/11990689/View Kieso, Intermediate Accounting, 16e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT URCES 2 e2 Brief Exercise 21A B Teal Mountain Company is negotiating to lease a plece of equipment to MTBA, Inc. MTBA requests that the lease be for 9 years. The equipment has a useful life of 10 years. Teal Mountain wants a guarantee that the residual value of the equipment at the end of the lease is at least $4,000. MTBA agrees to guarantee a residual value of this amount though it expects the residual value of the equipment to be only $2,500 at the end of the lease term If the fair value of the equipment at lease commencement is $60,000, what would be the amount of the annual rental payments Teal Mountain demands of MTBA, assuming each payment will be made at the beginning of each year and Teal Mountain wishes to eam a rate of return on the lease of 6%? (For calculation purposes, use s decimal places as displayed in the factor table provided and round Rinal answer to o decimal places, eg. 5,275.) Click here to view the futon table TARZ AZ Amount of equal annual lease payments Click if you wld like to Show Work for this question: Open Show Work 11 LA Question Attempts: 0 of 3 used SAVE FOILLATT SUOMIT ANSWER V Study 11/10 Co search hp