Leased Asset Hopper Corporation signed a ten-year capital lease or finance lease on January 1, 2017. The lease requires annual payments of $8,100 every December 31. Assume an interest rate of 10%. Use the appropriate present value table: PV of $1, PV of Annuity of $1 Required: 1. Calculate the present value of the minimum lease payments. Round your answer to the nearest whole dollar. x TABLE 9-2 Present Value of $1 (N) Periods 2% S 3% 4% 5% 6% 7% 8% 10% 12% 15% 98039 .96117 .94232 .92385 .90573 .88797 .87056 .85349 .83676 .82035 .80426 .78849 .77303 .75788 .74301 .72845 .71416 .70016 .68643 .67297 .64684 .62172 .59758 .57437 .55207 .97087 .94260 .91514 .88849 .86261 .83748 .81309 .78941 .76642 .74409 .72242 .70138 .68095 .66112 .64186 .62317 .60502 .58739 .57029 .55368 .52189 .49193 46369 .43708 41199 .96154 .92456 .88900 .85480 .82193 .79031 .75992 .73069 .70259 .67556 .64958 .62480 .60057 .57748 .55526 .53391 .51337 49363 .47464 45639 42196 39012 36069 33348 30832 .95238 .90703 .86384 .82270 .78353 .74622 71068 .67684 .64461 .61391 .58468 .55684 .53032 .50507 48102 45811 43630 41552 39573 .37689 34185 31007 28124 25509 23138 .94340 .89000 .83962 .79209 .74726 .70496 .66506 .62741 -59190 .55839 .52679 49697 .46884 44230 41727 .39365 37136 35034 33051 31180 27751 24698 21981 .19583 .17411 .93458 .87344 .81630 .76290 .71299 .66634 .62275 .58201 .54393 .50835 47509 44401 41496 .38782 .36245 33873 .31657 .29586 27651 25842 22571 .19715 .17220 .15040 .13137 .92593 .85734 .79383 .73503 .68058 .63017 .58349 .54027 .50025 .46319 42888 .39711 .36770 34046 .31524 .29189 27027 25025 23171 .21455 .18394 .15770 .13520 .11591 .09938 .90909 .82645 .75131 .68301 .62092 .56447 .51316 46651 42410 .38554 .35049 .31863 .28966 .26333 23939 21763 .19784 .17986 .16351 .14864 .12285 .10153 .08391 .06934 .05731 .89286 .79719 .71178 .63552 .56743 .50663 45235 40388 36061 .32197 28748 25668 .22917 20462 .18270 .16312 .14564 .13004 .11611 . 10367 .08264 .06588 .05252 .04187 .03338 .86957 .75614 .65752 57175 49718 43233 37594 32690 28426 24718 21494 .18691 .16253 .14133 .12289 .10686 .09293 .08081 .07027 .06110 04620 03493 .02642 .01997 01510 TABLE 9-4 Present Value of Annuity of $1 S 3% 4% (N) Periods 5% 6% 7% 8% 10% 12% 15% 5 D04 .98039 97087 96154 1.94156 1.91347 1.88609 2.88388 2.82861 2.77509 3.80773 3.71710 3.62990 4.71346 4.579714.45182 5.60143 5.41719 5.24214 6.47199 6.23028 6.00205 7.32548 7.01969 6.73274 8.16224 7.78611 7.43533 8.98259 8.53020 8.11090 9.786859 .25262 8.76048 10.57534 9.95400 9.38507 11.34837 10.63496 9.98565 12.10625 11.29607 10.56312 12.84926 11.93794 11.11839 13.57771 12.56110 11.65230 14.29187 13.1661212.16567 14.99203 13.75351 12.65930 15.67846 14.32380 13.13394 16.35143 14.87747 13.59033 17.65805 15.93692 14.45112 18.91393 16.93554 15.24696 20.12104 17.87684 15.98277 21.28127 18.76411 16.66306 22.39646 19.60044 17.29203 95238 94340 93458 1.85941 1.83339 1.80802 2.72325 2.67301 2.62432 3.54595 3.46511 3.38721 4.32948 4.21236 4.10020 5.07569 4.91732 4.76654 5.786375.58238 5.38929 6.46321 6.20979 5.97130 7.10782 6.80169 6.51523 7.721737.360097.02358 8.306417.88687 7.49867 8.86325 8.38384 7.94269 9.39357 8.85268 8.35765 9.898649.294988.74547 10.37966 9.71225 9.10791 10.83777 10.10590 9 .44665 11.2740710.47726 9.76322 11.68959 10.82760 10.05909 12.08532 11.15812 10.33560 12.46221 11.46992 10.59401 13.16300 12.04158 11.06124 13.79864 12.55036 11.46933 14.3751913.00317 11.82578 14.89813 13.40616 12.13711 15.37245 13.76483 12.40904 92593 .90909 89286 1.78326 1.73554 1.69005 2.57710 2.48685 2.40183 3.31213 3.16987 3.03735 3.99271 3.79076 3.60478 4.62288 4.35526 4.11141 5.20637 4.868424.56376 5.74664 5.33493 4.96764 6.24689 5.75902 5.32825 6.71008 6.14457 5.65022 7.13896 6.49506 5.93770 7.53608 6.81369 6.19437 7.90378 7.10336 6.42355 8.24424 7.36669 6.62817 8.55948 7.60608 6.81086 8.85137 7.82371 6.97399 9.12164 8.02155 7.11963 9.371898.201417.24967 9.60360 8.364927.36578 9.81815 8.51356 7.46944 10.20074 8.77154 7.64465 10.52876 8.98474 7.78432 10.80998 9.16095 7.89566 11.05108 9.30657 7.98442 11.25778 9.42691 8 .05518 8 6957 1.62571 2.28323 2.85498 3.35216 3.78448 4.16042 4.48732 4.77158 .01877 5.23371 5.42062 5.58315 5.72448 5.84737 5.95423 6.04716 6.12797 6.19823 6.25933 6.35866 6.43377 6.49056 6.53351 6.56598 30
