Rand Medical manufactures lithotripters. Lithotripsy uses shock waves instead of surgery to eliminate kidney stones. Physicians' Leasing purchased a lithotripter from Rand for $ and leased it to MidSouth Urologists Group, Incorporated, on January
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
tableLease Description:,Quarterly lease payments,$beginning of each periodLease term, years quartersNo residual value; no purchase option, yearsEconomic life of lithotripter,Implicit interest rate and lesseefs incremental borrowing,rate$
