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Donald leases a ski chalet to his best friend, Helen. The lease term is five years with $32000 annual payments due at the beginning of

Donald leases a ski chalet to his best friend, Helen. The lease term is five years with $32000 annual payments due at the beginning of each year. What is the present value of the payments discounted at 6% per annum? $120096. $134797. $126487. $142884

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