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Draw a timeline, label appropriately, and show all calculations! LGA Company just entered in to a lease requiring 10 payments of $30,000 annually with the

Draw a timeline, label appropriately, and show all calculations!

LGA Company just entered in to a lease requiring 10 payments of $30,000 annually with the first payment to begin today. Calculate the present value of the lease assuming a 7 percent implicit interest rate.

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