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Business, 13.11.2019 05:31 Mexicochan
29) reginal is about to lease an apartment for the year. the landlord wants him to make the lease payments at the start of the month. the twelve monthly payments are $1,300 per month. the landlord says he will allow reg to prepay the rent for the entire year with a discount. the one-time annual payment due at the beginning of the lease is $14,778. what is the implied monthly discount rate for the rent? if reg is earning 1.5% on his savings monthly, should he pay by month or make the single annual payment?
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29) reginal is about to lease an apartment for the year. the landlord wants him to make the lease pa...
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