PV minimum lease payment

Dear Sir
o/b Payment Interest lease C/B=o/b
1 70,000.00 11,392.18 7,000.00 4,392.18
2 65,607.82 11,392.18 6,560.78 4,831.40
3 60,776.42 11,392.18 6,077.64 5,314.54
4 55,461.88 11,392.18 5,546.19 5,845.99
5 49,615.89 11,392.18 4,961.59 6,430.59
6 43,185.30 11,392.18 4,318.53 7,073.65
7 36,111.65 11,392.18 3,611.17 7,781.01
8 28,330.64 11,392.18 2,833.06 8,559.12
9 19,771.52 11,392.18 1,977.15 9,415.03
10 10,356.49 11,392.18 1,035.65 10,356.53 (0.04)

Which figure there is the PV of the minimum lease payment at year 1? is it the 70,000 or is it the payment amount times number of payments (11392.18 x10) ?

Regards

Richard Scully