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Jenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the company agreed to pay rent

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Jenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the company agreed to pay rent of $21,000 per month for the next 9 years with the first payment due today, If the APR is 8.52 percent compounded monthly, what is the value of the payments today? Multiple Choice $1,672,007.35 $1,446,70334 $1,591,373.67 $1,540,736.59

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