Statistics Help
Question: A building owner charges net rent of $20 in the first year, $21 in the second year, and $22 in
the third year. Using a 10 percent discount rate, what is the effective rent over the three
years?
(A) $20.00
(B) $20.94
(C) $21.00
(D) $21.73
(E) $22.00 Edit
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