If I pay 1000000 to a person as rent for shop for 10 years .. what is my effective monthly rent?
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Monthly rent will be 10,00,000/120= 8,333
For calculation of effective rent paid, you need couple more things, when are you paying at T=0 or T=10 or any other time and other thing that will required will Opportunity cost of money.
Paying t=0
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