Ivanhoe Limited is leasing a used Caterpillar excavator to Town Construction Ltd. The term of the lease is 7 years and the excavator will be owned by Town at the end of the lease if Town makes an additional payment to Ivanhoe of $46,000. The excavator cost Ivanhoe $505,000. Ivanhoe wants to charge a rate of 9% 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 7 years? Of the variables listed in the dropdown, choose the variable being calculated? eTextbook and Media Fill in the remaining variables in the table that follows. Financial Calculator or Tables Variable Excel Present value PV PV $ Future value FV FV Interest rate 1 Rate %6 Amount of annuity payment PMT PMT ? Number of periods N Nper