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Rental costs for office space have been going up at 9.9 % per year compounded annually for the past 6 years. If office space rent

Rental costs for office space have been going up at 9.9% per year compounded annually for the past 6 years. If office space rent is now $27 per square foot permonth, what were the rental rates 6 yearsago?

The rates 6 years ago were about $_____ per square foot.

(Round to two decimal places asneeded.)

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