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Sandhill Manufacturing Company leases a building for 1 4 years. The lease requires 1 4 annual payments of $ 1 9 , 0 0 0
Sandhill Manufacturing Company leases a building for years. The lease requires annual payments of $ each, with the first payment due immediately. The interest rate in the lease is What is the present value of the cost of leasing the building? For calculation purposes, use decimal places as displayed in the factor table provided. Round answer to decimal places, eg
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Present value $
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