on jan1 2020 we leased equipment from finning tractor.we follow ifrs.the lease term is 4years, with...

on jan1 2020 we leased equipment from finning tractor.we follow ifrs.the lease term is 4years, with payment of $69000due at the begining of each year. Included in the payment is a maintenance fee of$2800.The interest rate on the lease is 9%. there is also a bargain purchase option of $60,000 at the end of the lease.the estimated economic life of the equipment is 10years.calculate the pv of the minimum lease payments.

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