\n
<\/span><\/p>\nWhat is the value of this 20 year lease? The first payment, due one year from today is $2,000 and each annual payment will increase by 4%. The discount rate used to evaluate similar leases is 9%. (Round to the nearest dollar.)<\/span><\/span><\/p>\n <\/span><\/p>\n\n\n\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/td>\n | <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n$ 24,361<\/span><\/span><\/p>\n <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n\n\n\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/td>\n | <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n$ 68,000<\/span><\/span><\/p>\n <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n\n\n\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/td>\n | <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n$ 39,856<\/span><\/span><\/p>\n <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n\n\n\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/td>\n | <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n$ 40,000<\/span><\/span><\/p>\n <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/span><\/p>\n<\/div>\n \n | | | |