What is the effective rent over the three years

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Reference no: EM131056280

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

Reference no: EM131056280

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