On January 1, 2016, the WXYZ Company leases a fleet of delivery vehicles from Holt Motors, Inc. 11. 1 (Click the icon to view the terms of the leaase.) 2 (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Future Value of $1 table.) 3 (Click the icon to view the Future Value of an Ordinary Annuity table.) 4 (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Annuity Due table.) (Click the icon to view the Future Value of an Annuity Due 7 table.) Read the requirements8. Requirement a. Compute the annual rent payment needed to ensure that the lessor company recovers the fair value of the vehicles. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculation. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answer to the nearest whole dollar.) The annual payment needed to ensure that the lessor company recovers the fair value of the vehicles is $ Requirement b. Compute the present value of the minimum lease payments using this new payment. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculation. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answer to the nearest whole dollar.) Choose the labels and enter the amounts to calculate the present value of the minimum lease payments. (1) Present Vahe of the nminigwn payments (2)Pesent Vake of tne qucradcec) reidual Vahe Present value of the minimum lease payments Requirement c. Prepare the amortization table required for the entire term. (Assume the effective interest rate method of amortization is used. Complete all answer boxes. Enter a "0" for any zero amounts. Round all amounts you enter into the table below to the nearest whole dollar.) Date Payment Interest Principal Balance Lease inception- January 1, 2016 January 1, 2016 January 1, 2017 January 1, 2018 January 1, 2019 December 31, 2019 1: More Info When there was no guaranteed residual value under the terms of the lease, the annual payments required were $40,000 on January 1 of each year, beginning on January 1, 2016, over a four-year term. Now assume that there is a guaranteed residual value of $16,299 specified in the contract. The delivery vehicles have a useful life of six years and WXYZ depreciates similar vehicles owned using the straight-line method. WXYZ's incremental borrowing rate is 10% and the 8% implicit rate in the lease is known to the lessee. The vehicles cost Holt Motors $100,000 and have a fair value of $143,084. Holt has no uncertainties as to future costs and collection. The lease terms do not contain a transfer of ownership and there is no bargain purchase option. Assume that there are no executory costs related to the lease agreement. 2: Future Value of $1 Future Value of $1 1% Periods 2% 1.01000 1.02000 1.03000 1.02010 1 04040 1.06090 1.03030 1.06121 1.09273 1.04060 1.08243 1.12551 1.05101 1.10408 1.15927 3% 4% 04000 08160 5% 6% 05000 1.06000 1.07000 1.10250 1,12360 .12486 1.15763 1.19102 1.22504 16986 1.21551 1.26248 1.31080 27628 1.33823 7% 9% 1.09000 1.18810 1.29503 3% 1.08000 11% 1.11000 123210 10% 12% 1.10000 1.21000 1.33100 1.46410 1.12000 1.13 1.14490 1.16640 127 1.25440 40493 3 1.25971 1.36763 1.51807 1.68506 1.44 4 1.36049 .46933 1.458 1.57352 1.76234 1.631 5 21665 140255 1.53862 1.61051 1.84 1.06152 1.12616 1.194051.26532 1.07214 1.14869 1.22987 1.31593 1.08286 1.17166 1 26677 136857 1.09369 1.19509 1.30477142331 1.10462 121899 1.34392 1.48024 1.34010 1.41852 1.40710 147746 1.55133 .62889 1.79085 1.96715 1.50073 1.50363 1.60578 1.59385 1.71819 68948 1.83846 58687 1.67710 1.82804 1.99256 99900 2.17189 2.36736 1.77156 1.94872 2.14359 2.35795 2.59374 1.97382 1.87041 208 7 1.71382 85093 2.07616 2.30454 2.21068 2.47596 2.35 2.65 2.77308 3.10585 2.55804 3.00 10 2.15892 2.83942 3.39 1.11567 124337 1.38423 1.53945 1.12683 1 26824 142576 160103 1.13809 1.29361 1.46853 1.14947 131948 1.51259 1.73168 197993 15 11 71034 1.89830 2.10485 2.33164 79586 2.01220 2.25219 251817 88565 2.13293 2.40985 2.26090 257853 2.39656 2.75903 2.58043 2.81266 3.06580 3.34173 3.64248 2.85312 3.13843 3.45227 3.79750 17725 3.15176 3.49845 3.88328 4.31044 3.47855 3.89598 4.36349 3.83 4.33 12 13 1.66507 2.71962 4.89 5.53 6.25 14 2 93719 3.17217 4.88711 1.16097 134587 1.557971.80094 2.07893 4.78459 5.47357 1.17258 137279 1.60471 16 1.18430 1.40024 1.652851.94790 2.29202 2.69277 3.15882 17 18 1.19615 142825 1.70243 1.87298 218287 2.54035 2.95216 3.42594 3.70002 3.99602 4.31570 4.66096; 3.97031 59497 5.05447 55992 5.31089 5.89509 6.54355 7.26334 6 13039 6.86604 7.68997 7.06 4.32763 4.71712 5.14166 7.98 2 02582 2.40662 2.85434 3.37993 9.02 1.20811 1.45681 1.75351 2.10685 2 52695 3.02560 3.61653 19 .11591 8.61276 9.64629 10.19 1.22019 1.48595 1.80611 2.19112 2.65330 3.20714 3.86968 20 5.60441 6.72750 8.06231 11.52 1.28243 1.64061 209378 2.66584 3.38635 4.29187 5.42743 25 8.62308 10.83471 6.84848 13.58546 17.00006 22.89230 29.95992 21.23 39 11 30 1.34785 1.81136 2.427263 24340 4.32194 5.74349 7.61226 10.06266 13.26768 17.44940 1.41660 199989 2.813863.94609 5.51602 7.68609 10.67658 14.78534 20.41397 28.10244 38.57485 52.79962 35 72.06 132.78 244.64 450.73 40 1.48885 2 20804 3.262044.80102 7.03999 10.28572 14.97446 21.72452 31.40942 45.25926 65.00087 93.05097 45 1.56481 243785 3.781605.84118 898501 13.76461 21.00245 31.9204548.32729 72.89048 109.53024 163.98760 1.64463 2.69159 4.38391 7.10668 11.46740 18.42015 29.45703 46.90161 74.35752 117.39085 184.56483 289.00219 50 1.81670 3 28103 589160 10 51963|18 67919 32.98769|57 94643 101 25706 176 03129 304 48164 524.05724 897 59693 1.530 05 60 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 3: Present Value of $1 Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 14% 159 12% 13% 0 99010 0 98039 0 97087 0.96154 0 95238 0 94340 0 93458 0 92593 091743 0 90909 0.90090 0 89286 0 88496 0 87719 0 8695 0.98030 0 96117 0.94260 092456 0.90703 089000 0.87344 0.85734 0 84168 0.82645 0.81162 079719 0.78315 076947 0.7561 0.97059 0.94232 0.91514 0.88900 0.86384 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.69305 0.67497 06575 0.96098 0 92385 0.88849 085480 0 82270 0.79209 0.76290 0.73503 0.70843 068301 0 65873 063552 0.61332 059208 05717 0.95147 0 90573 0.86261 0.82193 0.78353 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 04971 1 2 0.94205 0.88797 0.83748| 0.79031 0.74622 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.48032 0.45559 0.4323 7 0.93272 087056 0.81309 0.75992 071068 0.66506 0.62275 0.58349 0.54703 0.51316 048166 0.45235 0.42506 0 39964 0.3759 0 92348 0 85349 078941 073069 0 67684 0 62741 0 58201 0.54027 0 50187 046651 0.43393 040388 0 37616 0 35056 0 3269 0.91434 0.83676 0.76642 0.70259 0.64461 0.59190 0.54393 0.50025 046043 0.42410 0.39092 0.36061 0.33288 0.30751 0.2842 10 0.90529 082035 0.74409| 0.67556 061391 055839 0.50835 0,46319 042241 038554 0 35218 0.32197 0.29459 0 26974 0 2471 0 89632 0 80426 0.72242 0 64958 0 58468 0.52679 047509 0.42888038753 0.35049 0 31728 028748 0.26070 023662 0 2149 0.88745 0.78849 0.70138 0.62460 0.55684 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.23071 020756 0.1869 0.87866 0.77303 0.68095 0.60057 0.53032 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0 22917 0.20416 0.18207 0.1625 086996 0 75788 0 66112 057748 0 50507 0.44230 038782 0.34046 029925 026333 0.23199 0 20462 0.18068 0 15971 0 1413 0 86135 0 74301 0.64186 0.55526 048102 041727 0.36245 0.31524 027454 0.23939 0.20900 0.18270 0.15989 0.14010 0.1228 11 12 13 14 15 0.85282 0.72845 0.62317 0.53391 0 45811 0.39365 0.33873 0.29189 0.25 187 0.21763 0.18829 0.16312 0.14150 0.12289 0.1068 16 0 84438 071416 0.60502 051337 043630 037136 031657 027027 023107 0.19784 0.16963 0 14564 0.12522 010780 00929 17 18 0.83602 070016 0.58739 049363 041552 0.35034 0.29586 0.25025 0 21199 0.17986 0.15282 0.13004 0.11081 0 09456 0.08081 0.82774 0.68643 0.57029 0.47464 0.39573 0.33051 027651 0.23171 0.19449 0.16351 0.13768 0.11611 0.09806 0.08295 0.07027 19 20 0.81954 067297 0.55368| 0.45639 0 37689 031180 0 25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.08678 0 07276 0 0611 0 77977 0 60953 0.47761 0.37512 0 29530 0 23300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.04710 003779 00303 25 0.74192 0 55207 0.41199 0 30832 0 23138 0.17411 013137 0.09938 0.07537 0.05731 0.04368 0.03338 0.02557 001963 0.0151 30 070591 0.50003 0.35538 0 25342 0.18129 0.13011 009366 0.06763 0.04899 0.03558 0.02592 0.01894 0.01388 0.01019 0.00751 35 0 67165 045289 0.30656 0 20829 0 142050.09722 006678 0.04603 0.03184 0.02209 001538 001075 0.00753 0 00529 00037 40 45 0.63905 0.41020 0.26444 0.17120 0.11130 0.07265 0.04761 0.03133 0.02069 0.01372 0.00913 0.00610 0.00409 .00275 0.0018 0.60804 0.37153 0.22811 0.14071 0.08720 0.05429 0.03395 0.02132 0.01345 0.00852 0.00542 0.00346 0.00222 0.00143 0.0009: 50 0 30478 0.16973 0 09506 0 05354 0 03031 0 01726 0.00988 0 00568| 0 00328 0.00191 0.00111 0.00065 0 00039 0 0002 60 0 55045 Periods 2% 3% 1% 4% 5% 6% 7% 8% 9% 10% 11% 13% 12% 14% 15 4: Future Value of an Ordinary Annuity Present Value of an Ordinary Annuity Periods 1% 0.99010 0.98039 0.97087 0.96154 0 95238 0 94340 0.93458 0 92593 091743 0.90909 0 90090 0.89286 0.88496 0 877 1.97040 1.94156 1.91347 1.88609 1 85941 1.83339 2.94099 2.88388 2.82861 2.77509 2.72325 2.67301 2.62432 2.57710 2.53129 2.48685 2.44371 2.40183 2.36115 2321 3.90197 3.80773 3.71710 362990354595 346511 4.85343 4.71346 4.57971 2% 3% 4% 5% 7% 6% 10% 8 % 9% 11% 12% 13% 14 1 2 1.80802 1.78326 1.75911 1.73554 171252 1.69005 1.66810 1646 3 4 3.38721 3.31213 3239723.16987 3.10245 3.03735 2.97447 2.913 4.10020 3.99271 388965 3.79079 3.69590 3.60478 3.51723 3.433 4.45182 4.32948 4 21236 5.79548 5.60143 5.41719 5.24214 5.07569 4.91732 6.72819 6.47199 6.23028 6.002055.78637 7 65168 7.32548 7.01969| 673274 646321 6 20979 597130 5.74664 553482 5.33493 514612 4.96764 4 79877 4 638 8.56602 8.16224 7.78611 7.43533 7.10782 6.80169 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 5.13166 4.946 9.47130 8.98259 8.53020 8.11090 7,72173 4.48592 4.35526 4.23054 4.11141 3.99755 3.888 76654 4.62288 7 6.38929 5.20637 5.032954.86842 4.71220 4.56376 4.42261 4288 5.58238 10 7.36009 02358 6.71008 6.41766 6.14457 5.889235.650225.42624 5.216 10.36763 9.78685 9.25262 8 76048 8 30641 7.88687 11.25508 10.57534 9.95400 9 38507 8.86325 8.38384 12.13374 11.34837 10.63496 9.98565 9.39357 8.85268 8.35765 13.00370 12.10625 11.29607 10 56312 9 89864 9 29498874547 15 11 749867713896 680519 6.49506 6.20652 5.93770 568694 5452 7.53608 7.16073 6.81369 649236 6.19437 5.917655660 7.90378 7.48690 7.10336 6.74987 6.42355 6.12181 5.842 24424 7 78615 7.36669 6.98187 662817 6.30249 6002 .55948 8.06069 7.60608| 7.19087 6.81086 6.46238 6142 12 94269 13 14 13.86505 12.84926 11.93794 11.11839 10.379669.71225 9.10791 14.71787 13.57771 12.56110 1165230 10.83777 10.10590 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 6.60388 6.2651 16 15.56225 14.29187 13.16612 12.16567 11.27407 10.47726 9.76322 17 9.12164 854363 8.02155 7.54879 7.11963 6.72909 6.3721 16.39827 14.99203 13.75351 12.65930 11.68959 10 82760 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 | 6.83991 6467 18 17.22601 15.67846 14.32380 13.13394 12.08532 11.15812 10.33560 18.04555 16.35143 14.87747 13 59033 12.46221 11.46992 10.59401 9.81815 9.12855 8.51356 7.963337.46944 7.02475 6.623 19 9.60360 8.95011 8.36492 7.83929 7.36578 6.93797 6.550 20 22.02316 19.52346 17.41315 15.62208 14.09394 12.78336 11.65358 10.67478 25 .82258 9.07704 842174 7.84314 7.32998 6 872 25.80771 22.39646 19.60044 17 29203 15 37245 13.76483 12.40904 11.25778 10 27365 9.42691 8.69379 8.055 18 7.49565 7.002 30 29.40858 24,99862 21.48722 18.66461 16.37419 14.49825 12.94767 11.65457 10.56682 9.64416 8.85524 8.17550 7.58557 7.070 35 32.83469 27.35548 23.11477 19 79277 1715909 15.04630 13.33171 11.92461 10 75736 9.77905 8 95105 8.24378 7.63438 7.105 40 36.09451 29.49016 24.51871 20.72004 17.77407 15.45583 13.60552 12.10840 10.88120 9.86281 9.00791 8.28252 7.66086 7.123 45 39.19612 31.42361 25.72976 21.48218 18.25593 15.76186 13.80075 12.23348 10.96168 9.91481 9.04165 8.30450 7.67524 7.132 50 44 95504 34 76089 27 67556 22 62349 18 92929 16 16143 14.03918 12 37655 11 04799 9.96716 907356 8.32405 7 68728 7 1401 1% 60 Periods 2% 3% 4% 6% 5% 7% 8% %6 10% 12% 11% 13% 14 6: Future Value of an Annuity Due Future Value of an Annuity Due Periods 2% 1 % 3% 1.03000 2.09090 3.18363 4.30914 5.46841 4% .04000 2.12160 3.24646 4.41632 5.63298 5% 1.05000 215250 6% 1.06000 2.18360 3.37462 4.63709 5.97532 7% 9% 1.09000 2.27810 3.57313 4.98471 8% 10% 1.10000 2.31000 3.64100 5.10510 6.71561 119% 1.11000 2.34210 1.02000 101000 1.07000 2.21490 1.08000 2.24640 3.50611 4.86660 2.03010 2.06040 3 3.06040 3.12161 3.31013 4.52563 3.43994 3.70973 4 4.20404 4.10101 4.75074 5.22780 5.15202 5.30812 6 15329 5.80191 6.33593 6.52333 691286 6.21354 7.28567 8.36853 9.46221 10.56683 11.16872 11.80780 12.48635 13.20679 6 6.66246 7.89234 9.15911 89829 7.14201 8 54911 6.43428 7.58297 8.75463 7.39384 65402 8.20043 10.02847 12.02104 14.19293 16.56029 7.92280 9.63663 11.48756 13.48656 15.64549 8.48717 10.43589 12.57948 14.93742 17.53117 8.78327 8.21423 8.89747 9.58280 10.02656 10.49132 10 97799 25980 10.85943 13.16397 15.72201 18.56143 8 9.94972 10.46388 11.00611 11.57789 12.18079 12.81645 10 14.78360 13.97164 11.68250 12.41209 13 19203 14.02581 14.91713 15.86994 16 88845 11 17.97713 20.49530 23.21492 26 15211 29.32428 19.14072 21.95338 25.01919 28.36092 32.00340 20.38428 23.52271 26.97498 30.77248 34.94973 21.71319 25.21164 29.09492 33.40536 38.18995 12.80933 13.68033 14.61779 15.62684 16.7129817.88214 19.14064 12 13.94742 14.97394 16.08632 17.29191 18.59863 20.01507 21.55049 15.09690 16 29342 17 59891 19.02359 20 57856 22.27597 24.12902 16.25786 17.63929 19.15688 20.82453 22 65749 24.67253 26.88805 13 14 15 17 43044 19.01207 20.76159 22.69751 24,84037 27.21288 29.84022 16 35.97370 40.30134 45.01846 50.16012 55.76453 32.75023 36.45024 40 44626 44.76196 39.54470 44.59917 50.15909 56.27500 63.00250 43.50084 49.39594 55.93949 63. 18.61475 20 41231 22 41444 24.64541 27.13238 29.90565 32.99903 18 17 19.81090 21.84056 24.11687 26.67123 29.53900 32.75999 36.37896 21.01900 23.29737 25.87037 28.77808 32.0659535.78559 39.99549 20 19 83 71.26514 22.23919 24.78332 27.67649 30.96920 34.71925 38.99273 43.86518 49.42292 28.52563 32.67091 37.55304 43.31174 50.11345 58.15638 67.67647 35.13274 41.37944 49.0026858.32834 69 76079 83.80168 101.07304 25 78.95442 122 34587 92.32398 148.57522 235.12472 368 29187 126.99877 220 91317 379.16441 645 82693 790.79532 1,095.16880 1, 888.44108 1.280 .29938 1,852.33598 2 108.18177 180 94342 298.12681 486 85181 30 42.07688 50.99437 62.27594 76.59831 94.83632 118.12087 147.91346 35 186.10215 279.78104 49 37524 61 61002 77 66330 98.82654 126 839761 164.04768 213.60957 40 57.04589 73.33056 95.50146 125.87057 167.68516 225.50812 305.75176 45 417.42607 573.18602 65.10781 86.27099 116.18077 158.77377 219.81540 307.75606 434.98595) 50 619.67177 60 82 48637 116 33257 167 94504 247.51031 371 26290 565 11587 870.46681 1.353.47036 2.119.82342 3.338 29803 5,278 12308 8. Periods 1% 3% 2% 4% 5% 6% 7% 8% 9% 10% 11% 7: Present Value of an Annuity Due Present Value of an Annuity Due Penods 1% 1.00000 1.00000 1.99010 193039 1.97087 3% 2% 1.00000 1.00000 1.00000 4% 5% 6% 00000 7% 8% 1.00000 1.00000 1.00000 100000 9% 12% 10% 11% 1.00000 1.00000 1.00000 1.0 1.90090 1.89286 1.88496 1.8 13% 1 1.96154 1.95238 94340 193458 1.925931.91743 2.97040 2.94156 2.91347 2.88609 2.85941 2.83339 2.80802 2.78326 2.75911 2.73554 2.71252 2.69005|2.66810 2.6 3.94099 388388 3.82861 3.775093.72325 3.673013.62432 357710 3.53129 3.48685 344371 340183 3.36115 3.3 1.90909 4 4.90197 4.80773 4.71710 4.629904.54595 4.46511 4.387214.31213 4.23972 4.16987 5 4.10245 4.03735 3.974473.9 5.85343 5.71346 5.57971 5.45182 5.32948 5.21236 5.10020 7 4.99271 4.88965 4.79079 4.69590 4.60478 4.51723 4.4 5.23054 5.11141 4.99755 4.8 5.71220 5 56376 5 422615 2 6.79548 6.60143 641719 6.24214 6.07569 5.91732 5.76654 5.62288 5.48592 5.35526 7.72819 7.47199 7.23028 7.00205 678637658238 6.38929620637 6.03295 5.86842 8.65168 8.32548 8.01969 7.73274 7.46321 7.209796.971306.74664 6.53482 6.33493 6.14612 5.96764 5.79877 5.6 9.56602 9.16224 8.78611 8.43533 8.10782 7.80169 7.51523 7.24689 6.99525 6,75902653705 6 32825 6. 13166 5.9 9 10 10.47130 9.98259 9.53020 9.11090 872173 8.36009 11 8.02358 7.71008 7.417667.14457 688923 6 65022 6.42624 62 8.49867 8.13896 7.80519 7.49506 7.20652 6.93770 6.68694 6.4 8.53608 8.16073 7.81369 7.49236| 7.19437 6.91765 6.6 9.35765 8 90378 8 48690 8.10336 774987 742355 7.12181 6 8 9.24424 8.78615 8.36669 7.98187 7.62817 7.30249 7.0 11.36763 10.78685 10.25262 9.760489.30641 12.25508 11.57534 10.95400 10.38507 9.86325 9.38384 13.13374 12 34837 11.63496 10 98565 10 39357 9 85268 14.00370 13.10625 12.29607 11.56312 10.89864 10 29498 12 8.88687 13 427 8.94269 14 15 9.74547 14.86505 13.84926 12.93794 12.11839 11.37966 10.71225 10.10791 16 9.55948 9.06069 8.60608 8.19087 7.81086 7.46238 7.1 9.85137 9.31256 8.823718.37916 7.97399 7.60388 7 2 15.71787 14.57771 13.56110 12.65230 11.83777 11.10590 10.44665 17 16.56225 15.29187 14.16612 13.16567 12.27407 11.47726 10.76322 10.12164 9.543639.02155 854879 8.11963 7.72909 73 18 17.39827 15.99203 14.75351 13.65930 12.68959 11.82760 11.05909 10.37189 9.75563 9.20141 8.70162 8.24967 7.83991 7.4 19 20 18.22601 16.67846 15.32380 14.13394 13.08532 12.15812 11.33560 10.60360 9.95011 9.36492 8 83929 8.36578 7.93797 7.5 22.24339 19.91393 17.93554 16 24696 14 79864 13.55036 12.46933 11.52876 10 70661 9.98474934814 8.78432 828288 78 30 25 26.06579 22.84438 20.18845 17.98371 16.14107 14.59072 13.27767 12.15841 11.19828 10.36961 9.65011 9.02181 8.47009 7.9 29.70267 25.49859 22.13184 19.41120 17.19290 15.36814 13.85401 12.58693 11.51784 10.60857 9.82932 9.15656 8.57170 8.0 40 35 33.16303 27.90259 23.80822 2058448 18.01704 15.94907 14 26493 12.87858 11.72552 10.75696 9.93567 9 23303 3.62684 8.0 36.45545 30.07996 25.25427 21.54884 18.66277 16.38318 14.55791 13.07707 11.86051 10.84909 9.99878 9.27642 8.65678 8.1 50 45 39.58808 32.05208 26.50166 22.34147 19.16872 16.70757 14.76680 13.21216 11.94823 10.90630| 10.03624 9.30104| 8.67302 8.1 45 40459 35.45610 28 50583 23 52843 19.87575 17.13111 15 02192 13 36668 12.04231 10 96387 10.07165 9 32294 8.68663 8.1 1% 60 Periods 2% 3% 4% 5 % 6% 7% 8% 9% 10% 11% 12% 13% 8: Requirements Compute the annual rent payment needed to ensure that the lessor company recovers the fair value of the vehicles. a. b. Compute the present value of the minimum lease payments using this new payment. Prepare the amortization table required for the entire term. c. o