A Building Owner Charges Net Rent of $20 in the First

question 22

Multiple Choice

A building owner charges net rent of $20 in the first year, $21 in the second year, and $22 in the third year. Using a 10 percent discount rate, what is the effective rent over the three years?

• A) $20.00
• B) $20.94
• C) $21.00
• D) $21.73
• E) $22.00

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Definitions:

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting cognitions (beliefs, attitudes, or values).

Free Association

A psychoanalytic technique in which a patient says whatever comes to mind without censorship as a way to uncover unconscious thoughts or feelings.

Meditation

A practice where an individual uses a technique – such as mindfulness, or focusing the mind on a particular object, thought, or activity – to train attention and awareness, and achieve a mentally clear and emotionally calm and stable state.

Chronic Pain

A persistent pain that lasts weeks to years, often in spite of treatment or therapy.