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Bottom Border Air Atlantic has leased out a 3-year old jet under a 10-year arrangement. The lease requires the lessee to pay Air Atlantic annual

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Bottom Border Air Atlantic has leased out a 3-year old jet under a 10-year arrangement. The lease requires the lessee to pay Air Atlantic annual payments of $600,000 beginning next year. If Air Atlantic can invest at 12 percent annually, what is the lease arrangement worth to it? Please show the final answer and the excel function

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