Real Estate Math
A tenant in Tulsa signs a 3-year lease at $1,800/month with a 3% annual increase. What is the rent in year 3?
A$1,908.18✓ Correct
B$1,908.26
C$1,910.00
D$1,854.00
Explanation
Year 1: $1,800. Year 2: $1,800 x 1.
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