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hankuk air has been offered a jet airliner under a 2 5 year lease arrangement. the lease requires HA to amke annual lease payments of

hankuk air has been offered a jet airliner under a

25

year lease arrangement. the lease requires HA to amke annual lease payments of $

1, 000, 000

at the beginning of each of the next

25

years. determine the future value of the lease payments if the interest rates of funds is

9 %

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