Well than look it up online and an u explain the question better
Step 2 is where the error was made.
The amount to be paid in rent after 2 years if the rent as of now is $3,000 will be; $3,213.675
The question allows that we choose the amount being paid as rent as of now.
Let the rent paid as of now be; $3,000
In essence; after the first year; the amount increases by 3.5% to become;
After the second year; we have;
Ultimately; the amount to be paid after 2 years will be; $3,213.675.
When given the opportunity to change rent contracts;
- A situation that will be beneficial would be a 3.5% reduction in rent per year
- A situation that will not be beneficial would be a 7% increase in rent per year.
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brainly.com/question/24712879
Approximately about $18,490
<span>PV= $15,000 </span>
<span>FV= solve for </span>
<span>PMT= 0 </span>
<span>I/YR= 7% </span>
<span>N= 36 </span>
<span>put these in your HP II calcu and you will get the approximate answer.
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(FAIL HARD)</span>
