[Method #2]-Present value of-Lease Payments *Refer-to-M-16-and-M-17 of-Learning-Objective-M.16-Compute and -use the present value of an ordinary annuity. Of Time-Value of Money-Module of Chapter-5.The-Income-Statement And The-Statement Of Cash Flows The Present Value of an Ordinary .Annuity Formula T (1 + i)n -1 PV = FV X + 15 1 1 - (1 + 0.12)4-1 PV = $20,000 X + 10 0.12\f=0.288219752T 0.288219752 PV = $20,000 X + 15 0.12 PV-=$20,000-x -2.40183127-+-19 PV=-$20,000-x-3.401831275 Round to the nearest hundredths, so it is $68,036.6254." "$68.036.63-is the Present value of-Lease Payments