On january 1, james industries leased equipment to a customer for a four-year period, at which time possession of the leased asset will revert back to james. the equipment cost james $700,000 and has an expected useful life of six years. its normal sales price is $700,000. the residual value after four years is $100,000. lease payments are due on december 31 of each year, beginning with the first payment at the end of the first year. the interest rate is 5%. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.)guaranteed residual valuetable or calculator function: n=? , i=? amount ot be recovered (fair value) $? guaranteed residual value $?

The calculation are listed in the image attached in the answer.

Explanation:

For the James Industries exercise, the last two calculations are explained what means the divisor on the very first calculations.  There are some other ratios necessary to be recalculated for the exercise porpuse.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.