Question: Using the exact table factors provided in your document for a 10% interest rate, the calculations for the lease liability balance after the third lease
Using the exact table factors provided in your document for a 10% interest rate, the calculations for the lease liability balance after the third lease payment made on December 31, 2030, remain the same: Initial lease liability: $348,600 Lease liability after the first payment (December 31, 2028): $248,600 Lease liability after the second payment (December 31, 2029): $173,460 Lease liability after the third payment (December 31, 2030): $90,806 These figures use the specific present value factors for a 10% interest rate from the document you provided: 0.909 for 1 period, 0.826 for 2 periods, and 0.751 for 3 periods. The calculation confirms the lease liability balance at the end of 2030 is $90,806
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