K Oscar Financing leases airplanes to airline companies. Oscar has just signed a 10-year lease agreement that requires annual year-end lease payments of $900,000. What is the present value of the lease using a 10% interest rate? (Use factor amounts rounded to three decimal places, X.XXX. Round your final answer to the nearest dollar.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) OA. $3,474,000 OB. $347,400 OC. $55,305,000 OD. $5,530,500 Present Value of $1 Present Value of $1 Periods 4% 5% 6% 7% 8% 10% 12% 14% 16% Period 1 0.962 0.952 0.943 0.935 0.926 0.909 0.877 0.893 0.862 Period 2 0.925 0.907 0.890 0.857 0.873 0.826 0.797 0.769 0.743 Period 3. 0.889 0.864 0.840 0.794 0.816 0.751 0.712 0.675 0.641 Period 4 0.855 0.823 0.792 0.763 0.735 0.683 0.636 Period 5 0.822 0.784 0.747 0.713 0.621 0.681 0.592 0.552 0.567 0.519 0.476 Period 6 0.790 0.746 0.705 0.666 0.630 0.564 Period 7 0.760 0.711 0.665 0.623 0.583 0.513 Period 8 0.731 0.677 0.627 0.582 0.540 0.467 Period 9 0.703 0.645 0.592 0.544 0.500 0.424 0.361 0.308 0.507 0.456 0.410 0.452 0.400 0.354 0.404 0.351 0.305 0.263 Period 10 0.676 0.614 0.558 0.508 0.463 0.386 0.322 0.270 0.227 Period 11 0.650 0.585 0.527 0.475 0.429 0.350 0.287 0.237 0.195 5.359 5374 nnnn - Present Value of $1 0.100 5.795 V.103 v.vuu 0.550 3.5594 v.Jur 0.450 U410 Period 7 0.760 0.711 0.665 0.623 0.583 0.513 0.452 0.400 0.354 Period 8 0.731 0.677 0.627 0.582 0.467 0.540 0.404 0.351 0.305 Period 9 0.703 0.645 0.592 0.500 0.544 0.424 0.361 0.308 0.263 Period 10 0.676 0.614 0.558 0.508 0.463 0.386 0.322 0.270 0.227 Period 11 0.650 0.585 0.527 0.475 0.429 0.350 0.287 0.237 0.195 Period 12 0.625 0.557 0.497 0.444 0.397 0.319 0.257 0.208 0.168 Period 13 0.601 0.530 0.469 0.415 0.368 0.290 0.229 0.182 0.145 Period 14 0.577 0.505 0.442 0.388 0.340 0.263 0.205 0.160 0.125 Period 15 0.555 0.481 0.417 0.362 0.315 0.239 0.183 0.140 0.108 Period 16 0.534 0.458 0.394 0.339 0.292 0.218 0.163 0.123 0.093 Period 17 0.513 0.436 0.371 0.317 0.270 0.198 0.146 0.108 0.080 Period 18 0.494 0.416 0.350 0.296 0.250 0.180 0.130 0.095 0.069 Period 19 0.475 0.396 0.331 0.277 0.232 0.164 0.116 0.083 0.060 Period 20 0.456 0.377 0.312 0.258 0.215. 0.149 0.104 0.073 0.051 Present Value of Annuity of $1 Present Value of Ordinary Annuity of $1 Periods 4% 5% 6% 7% 8% 10% 12% 14% 16% Period 1 0.962 0.952 0.943 0.935 0.926 0.909 0.893 0.877 0.862 Period 2 1.886 1.859 1.833 1.808 1.783 1.736 1.690 1.647 1.605 Period 3 2.775 2.723 2.673 2.624 2.577 2.487 2.402 2.322 2.246 Period 4 3.630 3.546 3.465 3.387 3.312 3.170 3.037 2.914 2.798 Period 5 4.452 4.329 4.212 4.100 3.993 3.791 3.605 3.433 3.274 Period 6 5.242 5.076 4.917 4.767 4.623 4.355 4.111 3.889 3.685 Period 7 6.002 5.786 5.582 5.389 5.206 4.868 4.564 4.288 4.039 Period 8 6.733 6.463 6.210 5.971 5.747 5.335 4.968 4.639 4.344. Period 9 7.435 7.108 6.802 6.515 6.247 5.759 5.328 4.946 4.607 Period 10 8.111 7.722 7.360 7.024 6.710 6.145 5.650 5.216 4.833 Period 11 8.760 8.306 7.887 7.499 7.139 6.495 5.938 5.453 5.029 3334 7513 7.800 5.000 Present Value of Annuity of $1 3.242 3.670 4.517 4.TUI 9.427 4.537 3.555 5.555 Period 7 6.002 5.786 5.582 5.389 5.206 4.868 4.564 4.288 4.039 Period 8 6.733 6.463 6.210 5.971 5.747 5.335 4.968 4.639 4.344 Period 9 7.435 7.108 6.802 6.515 6.247 5.759 5.328 4.946 4.607 Period 10 8.111 7.722 7.360 7.024 6.710 6.145 5.650 5.216 4.833 Period 11 8.760 8.306 7.887 7.499 7.139 6.495 5.938 5.453 5.029 Period 12 9.385 8.863 8.384 7.943 7.536 6.814 6.194 5.660 5.197 Period 13 9.986 9.394 8.853 8.358 7.904 7.103 6.424 5.842 5.342 Period 14 10.563 9.899 9.295 8.745 8.244 7.367 6.628 6.002 5.468 Period 15 11.118 10.380 9.712 9.108 8.559 7.606 6.811 6.142 5.575 Period 16 11.652 10.838 10.106 9.447 8.851 7.824 6.974 6.265 5.668 Period 17 12.166 11.274 10.477 9.763 9.122 8.022 7.120 6.373 5.749 Period 18 12.659 11.690 10.828 10.059 9.372 8.201 7.250 6.467 5.818 Period 19 13.134 12.085 11.158 10.336 9.604 8.365 7.366 6.550 5.877 Period 20 13.590 12.462 11.470 10.594 9.818 8.514 7.469 6.623 5.929