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A lease on an office building calls for a payment of $ 3 , 5 0 0 , 0 0 0 today and annual payments
A lease on an office building calls for a payment of $ today and annual payments of $ for years. The first of the annual payments will be payabie months from now when the building becomes ready for occupancy. Using a discount rate of compounded semiannually, calculate the present value of the lease.
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