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Consider the following information about a lease contract: Lease type: Finance lease. Annual lease payments:...

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Accounting

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Consider the following information about a lease contract: Lease type: Finance lease. Annual lease payments: $100,000 are payable at the beginning of each year. Lease term: 8 years. Lessor's and lessee's interest rate: 12%. Guaranteed residual value by the lessee: $60,000. Estimated residual value at the end of the lease term: $40,000. Determine the lessor's Lease Receivable. None of the answers. a. 560,415 b. 564,454 C. Od. O Oe. 580,609

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