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Posted on Aug 08, 2024

You just signed a 1 0 - year rental contract. The rent is 1 0 , 0 0 0 euros per annum. The landlord asks

You just signed a

10 -

year rental contract. The rent is

10, 000

euros per annum. The landlord asks you to pay the rent at the beginning of each year, starting from today. What is the present value of your total rent if the interest rate is

3.5 % ?

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