Question

You have the opportunity to lease space for your business with a fixed-rate lease. The property owner has proposed a three-year lease with a rent of $3,800 per month. How much is the rent over the life of the lease?a) $129,240b) $129,440c) $136,800d) $139,240

Answer 1

Easy, it is C) $136,800

Explanation:

All you need to do is multiply $3,800 by 12 to get the yearly rent. To get $45,600 per year. You now multiply $45,600 by 3 to get the total price of the 3 year lease. You now have a total cost of $136,800 over the 3 year time period of the lease.