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You have invested in a commercial building that you are leasing to national retail chain. The tenant has signed a 9-year loase agreement that cannot
You have invested in a commercial building that you are leasing to national retail chain. The tenant has signed a 9-year loase agreement that cannot be canceled. You expect to collect $3,000 per month for the full term of the lease Payments occur at the end of each month. What is the present value of this investment is the interest rate is 12% and compounded monthly? Use the PV function in Excel to calculate the answer Do not round any intermediate calculation Round your final prosent value answer to the nearest whole dollar) The present value of this investments 5 197 573
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