You are looking at entering a 3 year lease agreement for a commercial property. The contract states the lease payments will be $5,000 per month for...

1.      You are looking at entering a 3 year lease agreement for a commercial property. The contract states the lease payments will be $5,000 per month for the first year, and then increase by 3.8% every year thereafter.

Year 1?

Year 2?

Year 3?