Business, 05.06.2020 06:58 deshaunmosley66

(Ignore income taxes in this problem.) Latting Corporation has entered into a seven-year lease for a building it will use as a warehouse. The annual payment under the lease will be $4,781. The first payment will be at the end of the current year and all subsequent payments will be made at year-end. If the discount rate is 6 percent, the present value of the lease payments is closest to: a. $22,257
b. $31,573
c. $26,688
d. $33,467

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(Ignore income taxes in this problem.) Latting Corporation has entered into a seven-year lease for a...