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southern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2016. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD
southern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2016. (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.) Other information: Lease term 4 years Annual payments $35,000 on January 1 each year Life of asset 4 years Implicit interest rate 8% Incremental rate 8% PV, annuity due, 4 periods, 8% 3.5771 PV, ordinary annuity, 4 periods, 8% 3.3121
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