A Tenant Wants to Lease a Building for $48 000

question 102

Multiple Choice

A tenant wants to lease a building for $48 000 per year. She signs a five-year rental agreement that states that she will pay $24 000 every six months for the next five years. Which of the following is the timeline for her rental payments, assuming she makes the first payment immediately?

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Definitions:

Constitutions

Legal documents or sets of principles that outline the fundamental laws governing a country or other organization, specifying how the entity is to be governed and defining the rights of its citizens or members.

American Citizens

Individuals born in the United States or who have obtained citizenship through naturalization, granting them certain rights, duties, and privileges.

U.S. Constitution

The supreme law of the United States, establishing the framework of the national government and the rights of the citizens.

Branches of Government

These are the divisions of governance in a state, usually comprising the executive, legislative, and judicial branches, responsible for different functions of government.