Glade co. leases computer equipment to customers under direct-financing leases. the equipment has no residual value at the end of the lease and the leases do not contain bargain purchase options. glade wishes to earn 8% interest on a five-year lease of equipment with a fair value of $323,400. the present value of an annuity due of $1 at 8% for five years is 4.312. what is the total amount of interest revenue that glade will earn over the life of the lease? a. $ 51,600b. $ 75,000 c. $129,360d. $139,450
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