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27 February, 04:22

Red Sun Rising Corp. has just signed a lease for its new manufacturing facility. The lease agreement calls for annual payments of $2,000,000 for 10 years with the first payment due today. If the interest rate is 3.61 percent, what is the value of this liability today?

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  1. 27 February, 08:06
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    The value of this liability today is $24,234,083.39 ...
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