Question
Assume a 4 year lease at $24.00 price per square foot per year ($2 per month) with the 1styear free rent. Assume all lease payments
Assume a 4 year lease at $24.00 price per square foot per year ($2 per month) with the 1styear free rent. Assume all lease payments are beginning of the month. The required rate is 8% APR. What is the annual effective rent price per square foot assuming rent is paid monthly?
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
