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Question 3 1 pts Longhorn Steakhouse recently leased a location in North Carolina. The annual rent is $140,000 and the lease is 20-years. The rent

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Question 3 1 pts Longhorn Steakhouse recently leased a location in North Carolina. The annual rent is $140,000 and the lease is 20-years. The rent increases every 5-years by 10%. The lease is NNN, so the landlord is not responsible for any expenses. What is the effective rent on the property if a 6% discount rate is used

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