The present value of the minimum lease payments is the sum of all of the future lease payments, expressed in present value terms, including the estimated value of the leased asset after the lease period.

The present value of the minimum lease payments can be computed using the PV factor or formula.

It can also be computed using an online finance calculator, as follows:

<h3>Data and Calculations:</h3>

N (# of periods) = 3 years

I/Y (Interest per year) = 11%

PMT (Periodic Payment) =- $4,100

FV (Future Value) = $0

Results:

PV = $11,121.35 ($12,300 - $1,178.65)

Sum of all periodic payments = $12,300 ($4,100 x 3)

Total Interest $1,178.65

Thus, the present value of the minimum lease payments for Bonita Corporation, which signed a noncancelable lease, is $11,121.35.

Learn more about minimum lease payments at brainly.com/question/17164931

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4 0

2 years ago

According to the Department of Transportation, 27% of domestic flights were delayed in the last year at JFK airport. Five flight

Mars2501 [29]

Answer:

The probability that all the five flights are delayed is 0.2073.

Step-by-step explanation:

Let X = number of domestic flights delayed at JFK airport.

The probability of a domestic flight being delayed at the JFK airport is, P (X) = p = 0.27.

A random sample of n = 5 flights are selected at JFK airport.

The random variable X follows a Binomial distribution with parameters n and p.

The probability mass function of X is:

$P(X=x)={5\choose x}0.27^{x}(1-0.27)^{5-x};\ x=0,1,2...$

Compute the probability that all the five flights are delayed as follows:

$P(X=5)={5\choose 5}0.27^{5}(1-0.27)^{5-5}=1\times 1\times 0.207307=0.2073$

Thus, the probability that all the five flights are delayed is 0.2073.

4 0

3 years ago

Write the expression with fewer terms. 10−2

fiasKO [112]

10-2 = 8
2^3 =8
(2x2x2) = 8

7 0

3 years ago

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