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5-16 Practice Question 16 What is the value of this 20 year lease? The first payment, due one year from today is $2,000 and each

5-16

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Practice Question 16 What is the value of this 20 year lease? The first payment, due one year from today is $2,000 and each annual payment will increase by 4%. The discount rate used to evaluate similar leases is 9%. Round final answer to the nearest whole dollar.) $68,000 $24,361 $39,856 $40,000

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