85 % (760 Review)
Your company just signed a 20-year lease for a new office. The lease requires that your firm pay $1,000 at the end of each month over the life of the lease. If the current annual rate is 9 percent, what is the present value of this annuity stream?A.$11,111
B.$9,129 C. $111,145 D. 109,543
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