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What is the present value of lease

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A tenant offers to sign a lease paying a rent of $2,500 per month for 10 years (120 months). At 0.75% of monthly interest rate, what is the present value of this lease?

a) $188,354.23

b) $197,354.23

c) $153,384.91

d) $155,384.91

Reference no: EM131412658

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