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A leasing contract calls for an immediate payment of $110,000 and nine subsequent $110,000 semiannual payments at six month intervals What is the PV of

A leasing contract calls for an immediate payment of $110,000 and nine subsequent $110,000 semiannual payments at six month intervals What is the PV of these payments if the annual discount rate is 8%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value

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