Given the Following Information, Calculate the Effective Monthly Rent Payment

question 2

Multiple Choice

Given the following information, calculate the effective monthly rent payment. Lease Term: 10 years, Concession: 1 year free rent to be spread over the term of the lease, Rental Space: 5000 square feet, Rental Rate: $20 per square foot per year, Landlord's discount rate: 10%.

• A) $4,676
• B) $5,901
• C) $7,081
• D) $10,122

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