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Rental cost for office space have been going up at 8.6% per year compounded annually for the past 6 years. If office space rent is
Rental cost for office space have been going up at 8.6% per year compounded annually for the past 6 years. If office space rent is now $25 per square foot per month,what were the rental rates 6 years ago?
The rates 6 years ago werre about $_____ per square foot
(round to two decimal places as needed)
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
