PMT - 4135

N - 5*12=60

I/Y - 10%/12=.83

What am i doing wrong ?

One of your tenants has five years remaining on a lease at $4,135 per month. However, that space is now worth $4,500 per month. An adjacent tenant wants to expand their space so you want to make arrangements to buy out the first tenant's lease in order to lease it to the expanding tenant at fair market value. The market discount rate is 10%. What is the maximum you would be willing to pay to buy out the lease? O $1.780.25 O $1,383.64 O $15,485.27 O $17.178.86