Question
A commercial office lease requires an immediate payment of $24,000 plus $24,000 per year at the end of each of the next 10 years. At
A commercial office lease requires an immediate payment of $24,000 plus $24,000 per year at the end of each of the next 10 years. At a discount rate of 14 percent, what is the present value of this stream of lease payments?
| A. a. $149,194 | |
| B. b. $130,872 | |
| C. c. $142,710 | |
| D. d. $264,000 |
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
