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Problem 7: The annual end-of-year lease payments on a building increase to 7% annually for the next 5 years. If 5% is an appropriate discount

Problem 7: The annual end-of-year lease payments on a building increase to 7% annually for the next 5 years. If 5% is an appropriate discount rate, and if the first year's lease payment is $100K, what is the most an investor would pay to be the recipient of these lease payments?

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