Question 10 of 13 > -16 E View Policies Current Attempt in Progress The Indiana DMV leases a building for 20 years. The lease requires 20 annual payments of $15,000 each, with the first payment due immediately. The interest rate in the lease is 12%. What is the present value of the cost of leasing the building? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Click here to view the factor table. Present value $ e Textbook and Media Save for Later Attempts: 0 of 1 used Submit