|
Year |
Monthly
Rent (increase
3% per year) |
Total
Annual
Rent |
|
1 |
$1,000.00 |
$12,000.00 |
|
2 |
$1,030.00 |
$12,360.00 |
|
3 |
$1,061.00 |
$12,732.00 |
|
4 |
$1,093.00 |
$13,116.00 |
|
5 |
$1,126.00 |
$13,512.00 |
|
6 |
$1,160.00 |
$13,911.00 |
|
7 |
$1,194.00 |
$14,329.00 |
|
8 |
$1,230.00 |
$14,758.00 |
|
9 |
$1,267.00 |
$15,201.00 |
|
10 |
$1,305.00 |
$15,657.00 |
|
|
|
|
|
Total
Rent Paid Over Ten Years |
137,566.00 |
|