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A Software Company in Singapore Fixes the Rent for Its

Question 9

Multiple Choice

A software company in Singapore fixes the rent for its office at 24,000 Singapore Dollars (SGD) per year payable in advance. Assuming a discount rate of 8%, calculate the total value of the payments in today's terms (to the nearest $10) .


A) $221,830
B) $221,840
C) $221,850
D) $221,860

Correct Answer:

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