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Assume that the present value of a five year lease is $100.00 per square foot and the landlords discount rate is 6%. What is the
Assume that the present value of a five year lease is $100.00 per square foot and the landlords discount rate is 6%. What is the ARE if made each year that the land lord should accept? Please report your answer including two decimal places.
Select one:
a.
$20.20
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b.
$22.40
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c.
$23.74
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d.
None of the above
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