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30. You are looking at entering a three (3) year lease agreement for a commercial property. The contract states the lease payments will be $5,000
30. You are looking at entering a three (3) year lease agreement for a commercial property. The contract states the lease payments will be $5,000 per month for the first year, and then increase by 3.8% every year thereafter. What will the total annual lease payments be for each of the following years: a) Year 1 b) Year 2 c) Year 3
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