Question 4 of 4 View Policies < > Current Attempt in Progress -15 Martinez Incorporated leases a piece of equipment to Tamarisk Corporation on January 1, 2025. The lease agreement called for annual rental payments of $5,180 at the beginning of each year of the 4-year lease. The equipment has an economic useful life of 6 years, a fair value of $25,600, a book value of $20,600, and both parties expect a residual value of $8,300 at the end of the lease term, though this amount is not guaranteed. Martinez set the lease payments with the intent of earning a 6% return, and Tamarisk is aware of this rate. There is no bargain purchase option, ownership of the lease does not transfer at the end of the lease term, and the asset is not of a specialized nature. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount of the rental payments used in the lease agreement? (Round answer to 0 decimal places, e.g. 5,275.) Rental payments $ eTextbook and Media List of Accounts Save for Later (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Attempts: 0 of 5 used Submit Answer SUPPORT