Question: n January 1 , 2 0 2 0 , Bob s Meat Market leased some equipment from another company. The lease contract calls for $

n January 1,2020, Bobs Meat Market leased some equipment from another company. The lease contract calls for $12,00Calculate the present value of the lease payments on January 1,2020. Assume a 6% interest rate.0 annual payments for eight years, beginning on December 31,2020.

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