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Jake Spoon Company is leasing a warehouse to a tenant in a noncancelable lease. The lease calls for equal payments at the beginning of each

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Jake Spoon Company is leasing a warehouse to a tenant in a noncancelable lease. The lease calls for equal payments at the beginning of each year for 15 years. The fair value of the warehouse is $500,000 and Spoon would like to earn 9% on the lease. What will the annual lease payments be? $33,333.33 $56,907.75 $62,029.43 O $13,726.90

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