A warehouse is to be leased for 5000 per month under a 5, Financial Management

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A warehouse is to be leased for 5000 per month under a 5

A warehouse is to be leased for $5000 per month under a 5 year lease. Payments are to be made on the first of the month. What is the net present worth of the lease on the date when the lease begins and the first paymentis due if the nominal interest rate is 12%, compounded monthly?

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Financial Management: A warehouse is to be leased for 5000 per month under a 5

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