Question: How much should rent be increased each year on a 472-acre farm to allow for an improvement costing $35,000 which is anticipated to require replacing

How much should rent be increased each year on a 472-acre farm to allow for an improvement costing $35,000 which is anticipated to require replacing in 10 years at 8.5% interest? Group of answer choices none listed $7,334.00 $5,334.27 $3,000.00 $6,100.00

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