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Red Sun Rising Corp. has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments of $1,000,000 for 10

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Red Sun Rising Corp. has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments of $1,000,000 for 10 years with the first payment due today. If the interest rate is 3.21 percent, what is the value of this liability today? Multiple Choice $114,805.08 $100,597.71 $118,490.33

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