Question

A small business leases a space for its operations. The lease states that the initial price is $500,000 per month. However, to adjust for inflation and other economic factors, the lease also states that the monthly rent will increase by $50,000 each year. If the company plans to remain in the same location for 15 years, how much will it have paid in total at the end of that period?

157

likes
787 views

Answer to a math question A small business leases a space for its operations. The lease states that the initial price is $500,000 per month. However, to adjust for inflation and other economic factors, the lease also states that the monthly rent will increase by $50,000 each year. If the company plans to remain in the same location for 15 years, how much will it have paid in total at the end of that period?

Expert avatar
Ali
4.4
92 Answers
A = alquiler total para el primer año = 12 x $500000 = $6000000 D = aumento del alquiler "por año" = 12 x $50000 = $600000 N = número de años = 15 Esto es simplemente encontrar la suma de una progresión aritmética donde primer término = A = $6000000 Diferencia común = D = $600000 N = número de términos = 15 El importe total pagado en concepto de alquiler se calcula como \frac{N}{2}\left\lbrace2A+\left(N-1\right)D\right\rbrace=\frac{15}{2}\times\left\lbrace2\times6000000+14\times600000\right\rbrace=\$153000000 Respuesta: 153 millones de dólares

Frequently asked questions (FAQs)
What are the periods, asymptotes, and maximum and minimum values of the cotangent function f(x) = cot(x)?
+
What is the distance traveled by a car that travels at a speed of 60 mph for 2.5 hours?
+
What is the product and sum of two numbers if their sum is 10 and their product is 24?
+
New questions in Mathematics
Hey👋🏻 Tap "Create New Task" to send your math problem. One of our experts will start working on it right away!
reduction method 2x-y=13 x+y=-1
-6n+5=-13
The derivative of a power is obtained just by subtracting 1 from the power True or false
The length and breadth of my rectangular vegetable garden is 12,5m and 7,25m respectively. What is the perimeter of the garden?
(5-(4-3)*3)-(8+5))
1. Suppose we have a good whose quantity supplied changed from 100 to 120 units when the price increased from $10 to $12 per unit. Compute the price elasticity of supply using the midpoint method
(2x+5)^3+(x-3)(x+3)
calculate the normal vector of line y = -0.75x + 3
logy/logx + logz/logy + logt/logz = 8x².t x=?
calculate the area in square units of A rectangle with length 6cm and breadth 5cm
Suppose that you use 4.29 g of Iron in the chemical reaction: 2Fe(s) + 3 Cu2 + (aq) 2Fe 3 + (aq) + 3Cu(s ) - . What is the theoretical yield of Cu (s), in grams?
A circular window has a rubber molding around the edge. If the window has a radius of 250 mm, how long is the piece of molding that is required ? (To the nearest mm)
Exercise 1 An ejidal association wishes to determine the distribution for the three different crops that it can plant for the next season on its available 900 hectares. Information on the total available and how many resources are required for each hectare of cultivation is shown in the following tables: Total available resource Water 15,000 m3 Fertilizer 5,000 kg Labor 125 day laborers Requirements per cultivated hectare Corn Soybeans Wheat Water 15 25 20 Fertilizer 5 8 7 Labor** 1/8 1/5 1/4 *The data in fraction means that with one day laborer it will be possible to care for 8, 5 and 4 hectares respectively. * Sales of crops 1 and 3, according to information from the Department of Agriculture, are guaranteed and exceed the capacity of the cooperative. However, soybeans must be limited to a maximum of 150 hectares. On the other hand, the profits for each hectare of crop obtained are estimated at: $7,500 for corn, $8,500 for soybeans and $8,000 for wheat. The objectives are to determine: • How many hectares of each crop must be allocated so that the profit is maximum. R= • The estimated profits for the ejidal cooperative in the next growing season. R=
0.1x8.2
392929-9
ind the z-score for which 72% of the distribution's area lies between -z and z. -1.7417, 1.7417 -1.1538, 1.1538 -1.0803, 1.0803 -2.826, 2.826
A psychologist is investigating the levels of test anxiety in various university courses. Anxiety is measured on a scale ranging from 0 to 100, where 0 indicates the complete absence of anxiety and 100 represents an extreme level of anxiety. From the data obtained, it has been discovered that the psychology score is triple that of nursing, and in turn, the latter has a score 10 points lower than the nutrition major. Furthermore, the score in the veterinary degree is 15 points higher than that of nutrition. Finally, if we add the scores of all the races, we will obtain a total of 173 points. Pose the equation that represents the situation described in the previous problem and determine: What is the score that psychology obtained regarding its anxiety level before the exams?
A candy manufacturer must monitor deviations in the amount of sugar in their products They want their products to meet standards. They selected a random sample of 20 candies and found that the sandard deviation of that sample is 1.7. What is the probabilty of finding a sample variance as high or higher if the population variance is actually 3277 Assume the population distribution is normal.
A gas is leaking at 3.5ft3/min in a room of 2.9m by 6.9ft by 15.7m. How long would it take (in seconds) for 22% of the room to reach the LFL, if the gas has a LFL of 2.51%?