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Red Sun Rising Corporation has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments of $ 1 ,
Red Sun Rising Corporation has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments of $ for years with the first payment due today. If the interest rate is percent, what is the value of this liability today?
Multiple Choice
A $
B $
C $
D $
E $
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