You have a structured settlement but you need cash now... so you call J.G. Wentworth and they make you a low-ball offer that you reject. Your settlement calls for three payments of cash in the amounts of $54 paid one year from today, $82 two years from today, and finally, $20 three years from today.  Assume the discount rate is 3.9%, what is the fair and present value of this lease?

Q: (3) 11.015229%

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Leasing

Leasing is a contractual arrangement in which someone (a lessee) pays the owner (or lessor) of a building, land, vehicle, or other asset for the use of that asset. The lease is the agreement between lessee and lessor.