Answer:
<em><u>The answer is</u></em>: <u>$ 20,640 every year.</u>
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Explanation:
<u>Leasing a new office requires an immediate payment of $ 24,000 (in year 0)</u>, plus $ 24,000 per year at the end of each of the next 10 years, which would be a total of $ 240,000 in 10 years, with a fee <u>Discount of 14 percent</u>, would be 240,000 x 0.14 = $ 33,600 in those 10 years, which would be $ 3,360 annually, <u>which subtracted from the $ 24,000 annually</u> would be a total of: $ 20,640.
<em><u>The answer is</u></em>: <u>$ 20,640 every year.</u>