1. Rent is $40.00 per rentable square foot per year. Operating expenses are $20 during the first...
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Question:
- 1. Rent is $40.00 per rentable square foot per year. Operating expenses are $20 during the first year and will increase by $1 every year.
Assume a 5-year window and a 10 percent discount rate, what is the effective rent?Please provide the steps thank you.
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