Question
Joe just signed a lease for three year terms to open up a Store in a Shopping Mall. The lease is for a Space of
Joe just signed a lease for three year terms to open up a Store in a Shopping Mall. The lease is for a Space of 400 sq ft @ 10 per sq ft per month. Under the lease the terms of the lease Rent per sq ft would go up every yr by 5%. At a discount rate of 8%, the Current Value of this lease is:
| a. | $ 12,610 | |
| b. | $ 10,805 | |
| c. | $ 10,308 | |
| d. | $ 12,000 |
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Banking With Integrity The Winners Of The Financial Crisis
Authors: Dr Heiko Spitzeck , Dr Michael Pirson, Dierksme , Dr. Heiko Spitzeck , Prof. Claus Dierksmeier, Dr. Michael Pirson
1st Edition
0230289959,0230346499
