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Splish Brothers Company leases equipment for 8 years with an annual rental of $3,200 per year or $25,600 in total. General Leasing (the lessor) agrees
Splish Brothers Company leases equipment for 8 years with an annual rental of $3,200 per year or $25,600 in total. General Leasing (the lessor) agrees to provide Splish Brothers with $300 for the first 2 years of the lease to defray needed repairs to the equipment. Determine the total lease payments that Splish Brothers will pay for the first 3 years of the lease agreement.
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