What is the present value of the lease

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Question: JLP Enterprises, Inc. owns a small shopping center and it has just signed a five-year, triple-net lease for an out parcel with an auto parts retailer that requires annual rent payments of $12, 500 at the beginning of each year. If the landlord's discount rate on this lease is 9 percent per year, what is the present value of the lease? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132043870

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