Using a 11 percent discount rate what is the effective rent


JZ Builders charges net rent of $30 in the first year, $40 in the second year, and $47 in the third year, but is providing 9 months of free rent in the first year as a concession. Using a 11 percent discount rate, what is the effective rent over the three years?

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Financial Management: Using a 11 percent discount rate what is the effective rent
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