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Prepare a lease payment schedule from 1 July 2019 to 1 June 2022. - Monthly lease...

Prepare a lease payment schedule from 1 July 2019 to 1 June 2022.

- Monthly lease payment is 10,000 ( the first 6 months is rent free : 1 July 2019 to 31 Dec 2019)

- the payment increases 3% annually ( start from 1 July 2020 = $10,300 and another 3% on 1 July 2021 = $10,609)

-the interest rate is 6% annually

-no residual value

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Answer #1

CASH FLOW N Month A PV=A/(1.06N) Cash Flow Present Value July 1, 2019 1 2 3 O O O O O O оооооо 4 Dec, 1, 2019 June, 1,2020 JuJune,1,2021 July1,2021 21 22 23 24 25 25 27 28 29 30 31 32 33 34 35 10,300 10,300 10,300 10,603 10,609 10,609 10,609 10,609 1PAYMENT SCHEDULE A B C=A*696 Beginning Balance Month Date July,1,2019 Dec, 1, 2019 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 1718 June,1,2021 July1,2021 19 20 21 22 23 24 25 26 27 28 29 30 113,351 109,852 106,143 102,211 98,044 93,627 88,944 83,672 78,

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