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What is the present value of the five rents discounted at

1. Greg Norman Enterprises leases property to Tiger Woods, Inc. Because Tiger Woods, Inc. is experiencing financial difficulty, Norman agrees to receive five rents of $10,000 at the end of each year, with the rents deferred 3 years. What is the present value of the five rents discounted at 12%?

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Accounting Basics: What is the present value of the five rents discounted at

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