Using a Financial Calculator to Determine Present Value of Operating LeasesCoach Inc. reports the following in its 2015 Form 10-K. The Company leases retail, distribution and office facilities, which expire at various dates through 2036. Future minimum rental payments under non-cancelable operating leases, as of July 2, 2016, are as follows: Fiscal YearAmount (millions)2017$289.22018267.42019244.42020216.42021185.4Subsequent to 2021632.4Total minimum future rental payments$1,835.2nearest whole number
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