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1. A building owner charges net rent of $10 in the first year, $11 in the second year, and $12 in the third year. Using

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1. A building owner charges net rent of $10 in the first year, $11 in the second year, and $12 in the third year. Using a 10 percent discount rate, what is the effective rent over the three years? Sten 1 Sten 2

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