Because of overbuilding commercial office towers are


Because of overbuilding, commercial office towers are offering a month of free rent to tenants who sign a five year lease with fixed monthly payments. Suppose that payments are made at the beginning of each month. If hte management company were to offer a free month, would you recommend they offer the first or last month of the lease free. Why? prove algebraically why your choice is the right one.

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Financial Management: Because of overbuilding commercial office towers are
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