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Marco has purchased a boat for $ 8 0 0 , 0 0 0 , and is planning to lease it for 2 0 years.

Marco has purchased a boat for $800,000, and is planning to lease it for 20 years. Annual lease payments will be required at the end of
each year. If Marco needs to earn a return of 10%, then the annual rent will be
$93,968.
$13,968.
$85,427.
$40,419.

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