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Effective Rent Assignment

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February 19th, 2020

Given the following information, calculate the effective rent (annual rent based on monthly payments at the end of each month). Lease Term: 10 years, Concession: 9 months free rent included in the term of the lease, Rental Space: 6,100 square feet, Rental Rate: $25 per square foot per year, Landlord’s discount rate: 8.5%.

A. $11,419.51 B. $11,755.21 C. $11,339.19 D. $11,259.44. Get Finance homework help today

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