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What is the present value of the rents discounted

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Question - Cheyenne Enterprises leases property to Hamilton, Inc. Because Hamilton is experiencing financial difficulty, Cheyenne agrees to receive 4 rents of $17,600 at the end of each year, with the rents deferred 3 years. What is the present value of the 4 rents discounted at 12%?

Reference no: EM132612074

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