Question: In order to expand its operations, PineApple Inc. just signed a new lease agreement for a new manufacturing plant. According to the agreement, the company

In order to expand its operations, PineApple Inc. just signed a new lease agreement for a new manufacturing plant. According to the agreement, the company will pay rent of $20,500 per month for the next six years, with the initial payment upfront. What is the value of this lease agreement today if the APR is 8.12 percent compounded monthly?

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