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serg [7]
3 years ago
6

Jenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the com

pany agreed to pay rent of $12,000 per month for the next 9 years with the first payment due today. If the APR is 6.36 percent compounded monthly, what is the value of the payments today?
Business
1 answer:
mestny [16]3 years ago
6 0

Answer:

The value of the payments today = $990,072.84

Explanation:

jenny:

rate =0.0636/12

n=9*12

pmt=12000

=PV(0.0636/12,9*12,12000,0,1)

=$990,072.84

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3 years ago
Emily is a real estate salesperson in Albany. How will Emily know if the residential market in Albany is depreciating...?
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Explanation:

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