The two options are of no difference to the landlord

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The landlord offer the tenant a loan such that the first year rent is $3,000 (paid at the end of the year), growing at 4% per year. The lease is 12 years. But the tenant wants a flat rate loan. What is the annual rent of the loan so that the two options are of no difference to the landlord?

Reference no: EM131878183

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