Question: Lets suppose that you have determined that the present value of a 5-year lease contract for a 10,000 square feet Class C office building is

Lets suppose that you have determined that the present value of a 5-year lease contract for a 10,000 square feet Class C office building is $565,390. Given a discount rate of 9 percent, determine the effective rent in dollars per square foot per year if rent payments are assumed to be settled at the beginning of the month. $13.98 per square feet per year$14.08 per square feet per year$11.65 per square feet per year$56.34 per square feet per year

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