LOR Leased a Computer to LES Which Cost the Lessor

LOR leased a computer to LES which cost the lessor $8,000.The terms of the lease specify four years, an annual interest rate of 15 percent, and four year-end rental payments.The lease qualifies as a finance lease (direct financing) .The lessor will get the computer after the fourth year and its residual value at that time is estimated to be $1,000.The amount of each rental payment is (round to the nearest dollar) :

A) $2,000
B) $2,501
C) $2,602
D) $2,335

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