Date Initial 5% Lease Payment

1-Jan-19 1,000,000.00 - 1,000,000.00

1-Jan-20 1,000,000.00 50,000.00 1,050,000.00

1-Jan-21 1,050,000.00 52,500.00 1,102,500.00

1-Jan-22 1,102,500.00 55,125.00 1,157,625.00

1-Jan-23 1,157,625.00 57,881.25 1,215,506.25

1-Jan-24 1,215,506.25 60,775.31 1,276,281.56

1-Jan-25 1,276,281.56 63,814.08 1,340,095.64

8,142,008.45

FV PV(0.05,7,0,8142008) ($5,786,373.40)

Interest expense 5%

How to account for nonconsecutive operating lease over 7 years? The date they enter contract is Dec 31,2018

Is PV = 5,786,373.40?