1. You are leasing some furniture for your apartment. The monthly lease is for $200/month, payable...
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1. You are leasing some furniture for your apartment. The monthly lease is for $200/month, payable at the beginning of the month. If your personal cost of capital is 12%, what is the present value of a two-year lease? 1. You are leasing some furniture for your apartment. The monthly lease is for $200/month, payable at the beginning of the month. If your personal cost of capital is 12%, what is the present value of a two-year lease?
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