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A retail store you own requires the tenant to pay percentage rent of 5% over their break point of $1 million per year. Their sales
A retail store you own requires the tenant to pay percentage rent of 5% over their break point of $1 million per year. Their sales have been $1.35 million per year and you have been investing the percentage rent in a 6% savings account each year. How much w
Sales | $1,350,000 |
Break Point | $1,000,000 |
Overage | $350,000 |
Percentage | 5% |
Additional Rent | $17,500 |
N:
I:
PV:
PMT:
FV:
ill you have after 7 years of investments?
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