A tenant has a lease which provides for annual rent escalations of 3% per year for each
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Question:
A tenant has a lease which provides for annual rent escalations of 3% per year for each year after the first year. The rent for the first year is $50,000.
How much is the rent in year 4?
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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