Sndra has just signed a 6-year lease for her new business


Sandra has just signed a 6-year lease for her new business. The full annual lease amount is due at the beginning of every year and such cash flows have been agreed to be 25004 dollars now and the subsequent payments to increase by 5% per year until maturity. Given that the prevailing average market interest rate is 8% per year compounded monthly, compute the present value of this financial asset. (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)

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Financial Management: Sndra has just signed a 6-year lease for her new business
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