You are expected to pay $500 per month for the first year, and rent will increase by $50 per month per year for the next 15 years (e.g., $550 per month for the 2nd year, $600 per month for the 3rd year, etc.). Prepare a schedule showing rent payments for the next 15 years. To simplify the problem, assume rent is paid annually at the end of each year. Discount rate is 5%.