Please USE FORMULA to solve this so I can see how it is done in...
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Please USE FORMULA to solve this so I can see how it is done in that manner. Thanks!
JLP Enterprises, Inc. owns a small shopping center and it has just signed a five-year, triple-net lease for an out parcel with an auto parts retailer that requires annual rent payments of $12, 500 at the beginning of each year. If the landlord's discount rate on this lease is 9 percent per year, what is the present value of the lease
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