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

<u>Results</u>:

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 <u>$11,121.35</u>.

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

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4 0

2 years ago

What’s the Value of x?

denpristay [2]

X will be 8.49
the other side is 6 too

6 0

3 years ago

Is the number of points scored during a basketball game a discrete random variable, a continuous random variable, or not a ran

monitta

Answer: Option (B) is correct.

Step-by-step explanation:

The number of points scored during a basketball game is a discrete random variable.

Discrete Random variable:

A discrete random variable is a variable whose value can be evaluated by counting. It is also referred as a countable and finite values. Examples of discrete random variable are as follows:

-The quantity of runs scored during a ball game

- Number of hits a site gets during seven days

- Number of lights that wear out in the following year in a stay with 13 bulbs

- Number of pigeons in a city

- Number of free-toss endeavors before the principal shot is missed

3 0

3 years ago

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