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Calculate the present value of the lease payments

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Question - On June 1, 2021, Florida National leased a building. The lease agreement calls for Florida National to make lease payments of $3,618.18 each month for the next two years, with the first lease payment beginning June 30. The company's normal borrowing rate is 8%.

Required - Calculate the present value of the lease payments.

Reference no: EM132992240

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