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 nine years with the first payment due today. If the APR is 8.52% compounded monthly, what is the value of the payments today?

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 $1,540,736.59 O $1,580,154,58 $1,446,703.34 O $1,591,373,67 $1,672,007,35