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12. The FBI leases a building for 10 years. The lease requires 10 annual payments of $15,000 each, with the first payment due immediately. The

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12. The FBI leases a building for 10 years. The lease requires 10 annual payments of $15,000 each, with the first payment due immediately. The interest rate in the lease is 8%. What is the present value of the cost of leasing the building? Present value

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