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A building owner charges net rent of $ 3 3 in the first year, $ 3 5 in the second year, and $ 3 7

A building owner charges net rent of $33 in the first year, $35 in the second year, and $37 in the third year. Using an 8 percent discount rate, what is the
effective rent over the three years?
Multiple Choice
$ 29.98
$34.90
$89.93
$42.07
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