Option A: renting the apartment with a perpetual contract, meaning for ever. The Marconi family thought that could be a good solution for them.

The family was very happy living in that area, and they had the chance to live there forever at an offered price of 1.600 the first month, and the rent price will be growing by a 0.1% monthly.

At the same time, they were not forced to ask for a loan, which represented a heavy burden off the Marconi's.

If the Marconi family decides to leave Barcelona in 10 years, back to Italy, what is the present value of the rental contract offered by the owner as option A?