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April 24, 2014

April 24, 2014

Posted by **momo** on Sunday, February 26, 2012 at 11:44pm.

the past 5 years. If office space rent is now $32 per square foot per month, what were the

rental rates 5 years ago

- math -
**MathMate**, Monday, February 27, 2012 at 12:23amUse the compound interest formula:

Future = Present*(1+r)^n

so

32=Present(1.062)^5

Solve for Present.

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