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 $17,500 per month for the next 8 years with the first payment due today. If the APR is 7.68 percent compounded monthly, what is the value of the payments today? Multiple Choice o $1,221,588.29 o $1,145,716.94 o $1,315,406.27 o $1,260,288.63 o $1,252,274.08 You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $34,000, $38,000, $78,000, and $117,000 to you each year over the next four years, respectively. All payments will be made at the end of the year. If the appropriate interest rate is 5.6 percent, what is the value of the settlement offer today? Multiple Choice $239,287.48 o $226,597.99 o $267,000.00 o $201,420.43 C $246,798.99