You have the opportunity to lease space for your business. The property owner has proposed a four-year lease with a rent of $29,000 per year. If a proposed rent increase is 2% per year what will the annual rent be at the end of four years? a. $13,200
b. $22,000
c. $31,390
d. $32,440

c. $31,390

Step-by-step explanation:

Accumulated amount after t years (if compounded annually)= , where P = Principal value , t= time , r = rate of interest.

Given : P= $29,000

r= 2% =0.02

t= 4 years

Hence, the annual rent at the end of four years= $31,390

So, the correct option is C.

a) 0

step-by-step explanation:

i^413 x i^0 = 0 as any number multiplied by a zero is

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∡ eia and ∡ kij are congruent

step-by-step explanation: