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What is the present value of the lease when lease commence

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Question 1: Tanko Financing leases phones to various companies for business use. Tanko has just signed a 2 minus-year lease agreement that requires annual year minus -end lease payments of $380,000. The present value of? $1 for 2 periods at 5?% is 0.907. The present value of an ordinary annuity of? $1 for 2 periods at 5?% is 1.859. What is the present value of the lease when the lease commences using a 5?% interest? rate?

Option A. $706,420

Option B. $344,660

Option C. $380,000

Option D. $760,000

Reference no: EM132495658

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