Todo pr intviewsing le 34 22514 assig nment pr int

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Leas e Pay ments : ($15,000 x 7.47199*) = $112,080 leas e pres ent pay ments value *pres ent value of an annuit y due of $1: n = 8, i = 2% [ i = 2% (8% ÷ 4) bec aus e t he leas e c alls for quart erly pay ments ] Leas e Amortiz ation Sc hedule: Leas e Rec eivable 1 2 3 4 15,000 15,000 15,000 15,000 5 6 7 8 15,000 15,000 15,000 15,000 Effec tive Dec reas e in Interes t Balanc e 2% × Outs tanding Balanc e Outs tanding Balanc e .02 (97,080) = 1,942 .02 (84,022) = 1,680 .02 (70,702) = 1,414 15,000 13,058 13,320 13,586 112,080 97,080 84,022 70,...
View Full Document

This homework help was uploaded on 03/22/2014 for the course ACC 3000 taught by Professor He during the Fall '09 term at CUNY Baruch.

Ask a homework question - tutors are online