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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. Using a

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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. Using a 10 percent discount rate, what is the effective rent over the three years? $20.94 $21.73 $22.00 $20.00 $21.00

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