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Example Suppose you are a small business and you currently rent 1200 sq ft. of office space at $22.50 a sq ft per year. In th
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Answer #1

The inflated rate per Sq.ft after 3 years will be $25.71 (i.e $22.50/105*120)

then Annual rent for new space will be estimated as follows:

for office space 2500 sq.ft * $25.71/Sq.ft =$64,285.71

  

  

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