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1. Given the following information, calculate the effective rent (annual rent based on monthly payments at the end of each month). Lease Term: 10 years,

1. Given the following information, calculate the effective rent (annual rent based on monthly payments at the end of each month). Lease Term: 10 years, Concession: 6 months free rent included in the term of the lease, Rental Space: 8,100 square feet, Rental Rate: $20 per square foot per year, Landlord's discount rate: 8.5%.

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