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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 $1,150,000 for 25
Red Sun Rising Corp. has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments of $1,150,000 for 25 years with the first payment due today. If the interest rate is 3.27 percent, what is the value of this liability today? $19,435,771.00 $20,573,103.73 $21,074,886.75 $20,071,320.72 $18,463,982.45
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