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# 4 Question 2 5 of 3 0 - 1 , vdots - = , vdots View Policies Current Attempt in Progress CVS leases a

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Question 25 of 30
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CVS leases a building for 20 years. The lease requires 20 annual payments of $10,000 each, with the first payment due immediately. The interest rate in the lease is 10%. What is the present value of the cost of leasing the building? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g.52.75.)
Present value $
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