4. Parker, Inc. enters into a 10 year noncancelable lease requiring year-end payments of $100,000 each year for 10 years. Parker's borrowing rate is 10% compounded annually. What is the present value of these lease payments? December 31, 2000, when the interest rate is 7%, Willis Realty issued $400,000 of 6 %, ten year bonds. The bonds pay interest se the present value of the bonds on December 31, 2000? 5. On miannually. What is