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| rev | Admin | (Created page with "'''Solution: C''' Assuming the rent payments are paid at the beginning of the year, the PV of the floating rent for the next 5 years is <math display="block"> \$ 100,000+\frac{\$ 100,000 * 1.05^1}{1.12^1}+\cdots+\frac{\$ 100,000 * 1.05^4}{1.12^4}=\$ 441,285.71 </math> This must be equal to <math display="block"> \$ 441,285.71=F+\frac{F}{1.12}+\frac{F}{1.12^2}+\frac{F}{1.12^3}+\frac{F}{1.12^4} </math> Solve for <math>F</math>, to get <math>F=\$ 109,300.67</math>...") | Dec 5'23 at 0:08 | +761 |