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Question 4 1.5 pts Sharae is looking to lease a Pilates studio from StudioRenter Inc. The lease terms states that Sharae must pay $5,000 every

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Question 4 1.5 pts Sharae is looking to lease a Pilates studio from StudioRenter Inc. The lease terms states that Sharae must pay $5,000 every six months for 5 years; the studio is expected to last 7 years. The fair value of the studio is $52,000, and the annual interest rate is 4%. What is the present value of the lease payments? Round your final answer to the nearest whole number

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