Multiple Choice
Suppose a lease has a 75% CPI-Adjustment each year. If last year's rent was $20/SF and the CPI has increased from 155 to 161, what is the new rent this year?
A) $20.50
B) $20.58
C) $20.77
D) $21.00
E) $21.20
Correct Answer:

Verified
Correct Answer:
Verified
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