Intel Corporation is leasing an office building for three years. Terms of the lease require...
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Intel Corporation is leasing an office building for three years. Terms of the lease require Intel to make a $5,000 lease payment at the end of each month over the life of the lease. Assuming an annual discount rate of 10 percent, what is the present value of this lease? (Round your answer to 2 decimal places. Use the Excel PV Function to calculate the present value.)
Please sove and explain. the previous answers added on chegg are incorrect
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