Crane Limited is leasing a used Caterpillar excavator to Town Construction Ltd. The term of the lease is 8 years and the excavator will be owned by Town at the end of the lease if Town makes an additional payment to Crane of $41,000. The excavator cost Crane $515,000. Crane wants to charge a rate of 8% on the lease. What will be the amount of the annual lease payments if the payments are made at the end of each of the next 8 years? Of the variables listed in the dropdown, choose the variable being calculated?