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A business leases 800 square feet of space for a rate of $2.50 per square foot a month. Next year the rate will increase by 4% per square foot and the business will lease an additional 125 square feet. What will the monthly rent be next year?

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A business leases 800 square feet of space for a rate of $2.50 per square foot a month. Next year the rate will increase by 4% per square foot and the business will lease an additional 125 square feet. What will the monthly rent be next year?






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