I'm studying for my finals and I'm reading one of the handouts my professor gave us. I understand everything but I just do not know where this one number (2.402) came from. I circled it in red in this page:
When the lessee IS NOT AWARE of the lessor's lower rate.
If it helps, that page was used to compared with this page.
When the lessee IS AWARE of the lessor's lower rate
This is accounting 202. If none of you know, may you please check with anyone who might know? I'm working hard to do well on this upcoming final.
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AbusedNoob ?? Senior Member