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A building owner charges net rent of $20 in the first year, $21 in the second year, and $22 in the third year, but is

A building owner charges net rent of $20 in the first year, $21 in the second year, and $22 in the third year, but is providing three months of free rent in the first year as a concession. Using a 10percent discount rate, what is the effective rent over the three years?

$19.11

$21.73

$20.94

$17.28

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