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Kingbird Enterprises leases property to Hamilton, Inc. Because Hamilton is experiencing financial difficulty, Kingbird agrees...

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Accounting

Kingbird Enterprises leases property to Hamilton, Inc. Because Hamilton is experiencing financial difficulty, Kingbird agrees to receive 5 rents of $21,200 at the end of each year, with the rents deferred 3 years. What is the present value of the 5 rents discounted at 12%

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