32) Given the following information, calculate the effective monthly rent payment: lease term: 10 years; concession: one year free rent to be spread over the term of the lease; rental space: 5000 square feet; rental rate: $20 per square foot per year; landlord's discount rate: 10%.

solve with financial calculator.

A) $4,676

B) $5,901

C) $7,081

D) $10,122

Answer: C

Difficulty: 3 Hard

Learning Objective: 7

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33) Given the following information, calculate the load factor for this office property: total usable area: 20,000 sq. ft.; tenant's prorated share of common area: 5,000 sq. ft.

A) 0.25

B) 0.80

C) 1.25

D) 4.00

Answer: C

Difficulty: 1 Easy

Learning Objective: 7

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34) Assume a retail tenant is paying a base rent of $120,000 per year (or $10,000 per month). In addition, the tenant must pay 7 percent of gross store sales in excess of $143,000 per month as percentage rent. If the store produces $170,000 in gross sales in a month, what is the total rent due for the month?

A) $10,000

B) $10,158

C) $11,890

D) $21,900

Answer: C

Difficulty: 2 Medium

Learning Objective: 2

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