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?

$30,775

Step-by-step explanation:

The statement indicates that the rent in a four-year lease is $29,000 per year and that there is a rent increase of 2% per year. $29,000 is the first year's rent and it will increase for the second, third and four year which means 3 increases in the price. So according to this, to calculate the annual the rent at the end of four years:

F= P(1*i)^n

F= future value

P= present value

i= interest

n= number of years

F= 29,000(1,02)^3

F= 30,775

The annual rent at the end of four years will be $30,775.

if gloria has "carry over" minutes, (that is, any minutes paid for but not used in a month can be applied to her payment for minutes in the next month,) her total usage for the three months is: total minutes = 320 + 243 + 489 = 1052 minutes number of 200 minute blocks = 1052/200 = 5 r52 (that is 5 with a remainder of 52) rounding up the number of 200 minute blocks gives her usage for the three months as 6 blocks. the cost for six blocks is 6 x $25 = $150 she also has 200 - 52 or 148 carry over minutes if gloria pays each month and unused minutes are lost, applying the rounding up procedure to each month gives: first month usage of 320 minutes rounds up to 2 blocks of 200 minutes for a payment of 2 x $25 = $50 second month usage of 243 minutes rounds up to 2 blocks of 200 minutes for a payment of 2 x $25 = $50 third month usage of 489 minutes rounds up to 3 blocks of 200 minutes for a payment of 3 x $25 = $75 total payments for the three months are $50 + $50 + $75 = $175 get the plan with carry over minutes!