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I need the last field equation. Analyzing and Interpreting Lease Footnote Disclosures The GAP Inc. discloses the following schedule to its fiscal 2018 (ended February

I need the last field equation. Analyzing and Interpreting Lease Footnote Disclosures

The GAP Inc. discloses the following schedule to its fiscal 2018 (ended February 2, 2019) 10-K report relating to its leasing to its leasing activities.

Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places.

The aggregate minimum noncancelable annual lease payments under leases in effect on February 2, 2019, are as follows:

Fiscal Year ($ millions)
2019 $1,387
2020 1,318
2021 1,070
2022 876
2023 647
Thereafter 1,824
Total minimum lease commitments $7,122

Compute the present value of GAP's operating leases using the following assumptions

Assumption
Discount rate 6%
Round remaining lease term to the nearest whole year

Year Present Value
1

1307.55

2

1173.68

3

898.57

4

694.44

5

484.03

>5

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image text in transcribed

Analyzing and Interpreting Lease Footnote Disclosures The GAP Inc. discloses the following schedule to its fiscal 2018 (ended February 2, 2019) 10-K report relating to its leasing to its leasing activities. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. The aggregate minimum noncancelable annual lease payments under leases in effect on February 2, 2019, are as follows: Compute the present value of GAP's operating leases using the following assumptions

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