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Fundamental Fitness recently leased a new location. The company will have to pay an annual lease fee of $ 3 2 7 , 0 0

Fundamental Fitness recently leased a new location. The company will have to pay an annual lease fee of $327,000 at the beginning of each year for the next 10 years. The discount rate is currently 9.11%. What is the present value of this lease contract?

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