A Business Negotiates A Two-Year Lease On 2,250 Square Feet Of Space For $2.60 Per Square Foot With An Option On A Third Year At A 5% Increase In Rent. What Will The Monthly Rent Be If The Business Extends The Lease For A Third Year?

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1. A Business Negotiates A Two-Year Lease On 2,250 Square Feet Of Space For $2.60 Per Square Foot With An Option On A Third Year At A 5% Increase In Rent. What Will The Monthly Rent Be If The Business Extends The Lease For A Third Year?