On january 1, 1997, phillips, inc leaseda a new machine from u. s.leasing. the specific information on the lease is as follows: lease inception: january 1, 1997annual rental payment at dec. 31 of each year: $51,352ecenomic life of the machine: 8 yearsmarket value of the machine: $275 000interest rate said by phillips, inc.: 10%end of 7- year lease term : dec.31, 2003on january1, 1997, phillips, inc should record a lease liability of: - $275,000- $359,464- $ 0- $ 250,000

Frugala is when sylvestor puts $2,000 into 10-year state bonds and $3,000 into 5-year aaa-rated bonds in steady hand hardware, inc. he buys the four state bonds at a 5 percent interest rate and the three steady hand bonds at a 6.5 percent rate. sylvestor also buys $1,500 worth of blue chip stocks, and $800 worth of stock in a promising new sportswear company that reinvests its earnings in new growth. 1. (a) what is the maturity for each of the bond groups sylvestor buys? (b) the coupon rate? (c) the par value?