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A PARCEL OF LAND IS TO BE LEASED AT AN AMOUNT OF $2,500 IN PERPETUITY AND IT WILL BE DUE AT THE BEGINNING OF THE
A PARCEL OF LAND IS TO BE LEASED AT AN AMOUNT OF $2,500 IN PERPETUITY AND IT WILL BE DUE AT THE BEGINNING OF THE PERIOD TERM. IF THE MONTHLY COMPOUNDING INTEREST IS SET AT 15% TO BECOME THE VALUE WORTH OF MONEY, DETERMINE THE PRESENT VALUE OF THE LEASE
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