An asset with a market value of $100,000 is leased on 1/1/x0.Five annual lease payments are due each January 1 beginning 1/1/x0.The lessee guarantees the $40,000 residual value as of 12/31/x4, the last day of the lease term.The lessor's implicit interest rate is 8%.What is the annual lease payment?
A)$18,227
B)$23,191
C)$16,877
D)$25,046

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The Answer of An asset with a market value of $100,000 is leased on 1/1/x0.Five annual lease payments are due each January 1 beginning 1/1/x0.The lessee guarantees the $40,000 residual value as of 12/31/x4, the last day of the lease term.The lessor's implicit interest rate is 8%.What is the annual lease payment?
A)$18,227
B)$23,191
C)$16,877
D)$25,046

An Asset with a Market Value of $100,000 Is Leased