(Solved by Humans)-Problem 2 Below is a list of key terms associated with leasing which are then followed by a series..

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Problem 2 Below is a list of key terms associated with leasing which are then followed by a series of definitions: 1. Ownership type costs such as insurance, repairs and taxes 2. Portion of the residual value of the leased property that is guaranteed by the lessee 3. Commitments by the lessor to guarantee performance of the leased property in a manner which would be more extensive than a warranty 4. The difference between the fair value of the property at the beginning of the lease and it cost or carrying value 5. Provision that allows the lessee to purchase the leased property at a price so favorable it is a reasonable certainty that the sale will occur 6. Rate that equates the fair value of the leased property and the present value of the lease payment plus the unguaranteed residual value 7. Rate that would have been incurred if the property had been purchased by debt 8. Required to be paid by the lessee to the lessor over the life of the lease 9. Portion of estimated residual value not guaranteed by the lessee 10. Incurred by the lessor to originate a lease that results directly from and is essential to acquiring the lease Requirements: 2 Take the key terms in the table above and match them with the most appropriate definition presented from the list.