What is the value of the payments today

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Reference no: EM133496927

Question: Will you help me solve this problem.Jenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the company agreed to pay rent of $12,500 per month for the next 10 years with the first payment due today. If the APR is 6.48 percent compounded monthly, what is the value of the payments today?

Reference no: EM133496927

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