m 9 . Calculating Rent Increases Fill in the following chart: Current Rent Percentage Increase Final Rent no $250.00 2.6 $3 $500.00 1.8 % $460.00 4.0 7. $970.00 3.6 70 $565.00 2.0 '70 $790.00 1.5 % $457.00 6.4 "/a $679.00 2.3 "/0 $422.00 1.2 'Z; $1248.00 5.5 70 Answer the following questions from the point of view of a landlord. {3 1. You are currently charging $450.00 per month and would like to increase rent to $500.00. How many years will it take you to increaSe rent if the rent cap is 2.5%. i3 2. You are currently charging $600.00 per month and would like to increase rent to $700.00. How many years will it take you 1'0 inCreaSe rent if The rent cap is 1.7%. {3 3. You are currently charging $900.00 per month and would like to increase rent to $1050.00. How many years will it take you to increase rent if the rent cap is 3.2%