Bermudez Leasing Company purchased specialized equipment from Holmes Company on

Bermudez Leasing Company purchased specialized equipment from Holmes Company on December 31 2009 for $400000. On the same date it leased this equipment to Berry Company for 5 years the useful life of the equipment. The lease payments begin January 1 2010 and are made every 6 months until July 1 2014. Bermudez Leasing wants to earn 10% annually on its investment. a) The amount of each rent. b) How much interest revenue did Bermudez earn in 2010?