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Three independent situations are given. Each describes a finance lease in which annual lease payments are payable at the beginning of each year. Each lease

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Three independent situations are given. Each describes a finance lease in which annual lease payments are payable at the beginning of each year. Each lease agreement contains an option that permits the lessee to acquire the leased asset at an option price that is sufficiently lower than the expected fair value that the exerclse of the option appears reasonably certain. Note: Use tables, Excel, or a financial calculator, (FV of \$1, PV of \$1. EVA of \$1. PVA of \$1, PVAD of \$1 and PVAD of S1) Determine the annual lease poyments for each situation: Note: Round your intermediate and final onswers to the nearest whole dollar amount

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