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CUNY Corp. has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments of $1,450,000 for 30 years with

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CUNY Corp. has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments of $1,450,000 for 30 years with the first payment due today. If the interest rate is 3.39 percent, what is the value of this liability today? $21,869,808.76 $27,545,672.90 $21,120,353.83 $27,039,835.94 $27.956,486.38

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