Present value of the operating leases

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At the end of 2015, a company reports the following future lease commitments on its operating leases:

2016 = 2,000

2017 = 3,000

2018 = 3,500

2019 = 3,700

2020 = 4,000

Beyond 2020 = 20,000

Assuming the lease commitments after 2020 will be at the same annual level as 2020, what is the present value of the operating leases using a 6% discount rate?

Reference no: EM132704863

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