Answered

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A leased out a plant to B on following terms:
Down Payment RM10,000
Annual Payments (at end of year) RM20,000
Lease Term = 5 years
Interest rate implicit in the lease 10% per annum
Residual value guaranteed by B =RM10,000
Estimated residual value at end of lease term RM15,000
When the annual discount rate is 10%, the present value of RM1 annuity payable at the end of years 1–5 is 3.791. The PV of single ringgit at year end in year 5 is0.621.

Calculate lease receivable amount for lessor, A.

Sagot :

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