Business, 12.03.2020 23:50, qxchung9835

A firm has arranged a ten-year lease, at an annual rent of $8,000. The first rental payment has to be paid immediately, and the others are to be paid at the end of each year. What is the present value of the lease at 12%?

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A firm has arranged a ten-year lease, at an annual rent of $8,000. The first rental payment has to b...