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JZ Builders charges net rent of $33 in the first year, $39 in the second year, and $53 in the third year, but is providing
JZ Builders charges net rent of $33 in the first year, $39 in the second year, and $53 in the third year, but is providing 5 months of free rent in the first year as a concession. Using a 6 percent discount rate, what is the effective rent over the three years?
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