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A building owner charges net rent of $48 in the first year, $[x+1] in the second year, and $[x+2] in the third year. Using
A building owner charges net rent of $48 in the first year, $[x+1] in the second year, and $[x+2] in the third year. Using a 8 percent discount rate, what is the effective rent over the three years? Place your answer in two decimal places. For example, 12.34.
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