Business, 13.07.2020 20:01, lefloree

Latting Corporation has entered into a 7 year lease for a building it will use as a warehouse. The annual payment under the lease will be $4,781. The first payment will be at the end of the current year and all subsequent payments will be made at year-ends. If the discount rate is 6%, the present value of the lease payments is closest to:

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Latting Corporation has entered into a 7 year lease for a building it will use as a warehouse. The a...