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Lease Term: 7 years Concession: 18 months free rent Rental Space: 6200 square feet Rental Rate: $24 per square foot per year Landlord's discount rate:

Lease Term: 7 years Concession: 18 months free rent Rental Space: 6200 square feet Rental Rate: $24 per square foot per year Landlord's discount rate: 10% Assume payments are made at the beginning of each month. Calculate the effective monthly rent, showing work in 3 steps.

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