Alexander Enterprises leases property to Hamilton, Inc. Bec…
Alexander Enterprises leases property to Hamilton, Inc. Because Hamilton is experiencing financial difficulty, Alexander agrees to receive rent of $20,000 at the end of each year for 4 years. What is the present value of the 4 rents discounted at 8%? You can use the tables below, a spreadsheet, or your calculator. Round your answer to the nearest whole dollar. 4-periods PV(1) PV(OA) PV (AD) FV(1) 8% 0.735030 3.312127 3.577097 1.360489