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leasing contract calls for an immediate payment of $104,000 and nine subsequent $104,000 semiannual payments at six-month intervals. (Hint: First calculate the semi-annual compounded APR).
leasing contract calls for an immediate payment of $104,000 and nine subsequent $104,000 semiannual payments at six-month intervals. (Hint: First calculate the semi-annual compounded APR).
What is the PV of these payments if the annual discount rate is 14%? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
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