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Given the lease payments, years remaining until the lease expires, and discount rates shown in the following table, calculate the capitalized value of each lease.
Given the lease payments, years remaining until the lease expires, and discount rates shown in the following table, calculate the capitalized value of each lease. Assume that lease payments are made at the beginning of each year.
| Lease | Lease payment | Remaining Term (Years) | Discount Rate |
| A | $40,000 | 12 | 10% |
| B | $120,000 | 8 | 12% |
| C | $9,000 | 18 | 14% |
| D | $16,000 | 3 | 9% |
| E | $47,000 | 20 | 11% |
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