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What is the value in today dollars of this lease contract

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Question - You have the option to purchase a lease agreement that requires payments of $1300 made at the start of each 6 month period (semiannually) for 4 years. What is the value, in today's dollars, of this lease contract, if you can reliably earn 3.4% compounded semiannually in a low-risk investment?

Reference no: EM133136092

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