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Calculate the effective monthly rent payment

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Question - Given the following information, calculate the effective monthly rent payment (annual rent based on monthly payments at the start of each month). Lease Term: 10 years, Concession: 9 months free rent inside the term of the lease, Rental Space: 7,500 square feet (SF), Rental Rate: $37.50 per SF per year, Landlord's discount rate: 7.5%.

Reference no: EM133186417

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