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A building owner charges net rent of $35 in the first year, $10 in the second year, and $30 in the third year. Using the
A building owner charges net rent of $35 in the first year, $10 in the second year, and $30 in the third year. Using the 5 percent discount rate, what is the effective rent over the three years?
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none of the answers is correct
$25.09
$26.88
$21.44
$23.52
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