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Thomas leases a ski chalet to his best friend, Dorothy. The lease term is five years with $29500 annual payments due at the beginning of

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Thomas leases a ski chalet to his best friend, Dorothy. The lease term is five years with $29500 annual payments due at the beginning of each year. What is the present value of the payments discounted at 10% per annum? O $103392 O $108895. $111829. O $123011

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