Register

Julio signs a new lease for $800 and in the agreement the complex will raise his rent 3% each year that he renews. As of right now, he does not plan on every buying a house. Wha…

Julio signs a new lease for $800 and in the agreement the complex will raise his rent 3% each year that he renews. As of right now, he does not plan on every buying a house. Wha…
129k views
1 vote
Julio signs a new lease for $800 and in the agreement the complex will raise his rent 3% each year that he renews. As of right now, he does not plan on every buying a house. What is the highest his rent could ever be?

A).$100
B).$800
C).$8,000
D ∞

User Anees U
by
8.8k points

1 Answer

3 votes
Infinity, because there is no set amount of years the price can rise. The price and keep rising as long as he rents, and it's stated that he will not ever buy a house
User GuyBehindtheGuy
by
8.6k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!