The Lancer Leasing Company has agreed to lease a hydraulic trencher to the Chavez Excavation Company for $50,000 a year over the next 6 years. Lease payments are to be made at the beginning of each year. Assuming that Lancer invests these payments at an annual rate of 5 percent, how much will it have accumulated by the end of the 6th year? Use Table III or a financial calculator to answer the question, Round your answer to the nearest dollar. 5 Future Value of an Annuity Interest Factor (FVIFA) (\$1 per period at F\% per period for m periods)