Assume a 4 year lease at $24.00 price per square foot per year ($2 per month) with
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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 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?
Expert Answer:
Heres how to calculate the annual effective rent price per square foot for this lease scenario 1 Def... View the full answer
Related Book For 
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
Posted Date:
