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Unformatted text preview: Present value of $1 for 18 years 0.285 0.250 0.215 0.180 Present value of an annuity for 18 years 9.958 9.372 8.787 8.201 Assuming Paul can afford any of these options, which alternative results in the lowest investment? 2) Lisa's Boutique is renting prime store space at the Regional mall and just signed a five-year lease effective January 1, 20X4 with the following terms: Refundable security deposit $1,500 Monthly lease payments $3,000 Lease bonus due at signing $18,000 Lisa has had to make significant renovations to the store prior to moving in. The renovations cost $50,000 and have a useful life of 8 years. Lisa's Boutique will record occupancy expense for the year ended December 31, 20X4 of :...
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- Winter '08