A company has a lease expiring on December 31,2013 . The company is notified that the monthly rent will double as of January 1,2014 . This rate will be good for 2 years. The company wishes to dampen the effect of the rent increase by paying a higher rent for 21/2 years, starting July 1,2013. Calculate the percentage increase on July 1, 2013 assuming an interest rate of 9% compounded monthly. [3.a-c \#15] 78.17% 77.23% 76.29% 77.70% 76.76% A renter with $5,252 has a one year lease. The landlord is willing to accept two payment options: (i) $5,252 now; or (ii) $650 paid at the beginning of each month for twelve months. What monthly interest rate would be required for the two options to be equivalent? [3.h-i \#05] At least 7.5%, but less than 8% At least 6.5%, but less than 7% At least 8.5%, but less than 9% At least 7%, but less than 7.5% At least 8%, but less than 8.5% A company has a lease expiring on December 31,2013 . The company is notified that the monthly rent will double as of January 1, 2014. This rate will be good for 2 years. The company wishes to dampen the effect of the rent increase by paying a higher rent for 21/2 years, starting July 1, 2013. Calculate the percentage increase on July 1, 2013 assuming an interest rate of 9% compounded monthly. [3.a-c \#15] 78.17% 77.23% 76.29% 77.70% 76.76% Question 2 1pts A renter with $5,252 has a one year lease. The landlord is willing to accept two payment options: (i) $5,252 now; or (ii) $650 paid at the beginning of each month for twelve months. What monthly interest rate would be required for the two options to be equivalent? [ 3,hi#05 ] At least 7.5%, but loss than 8% At least 6.5%, but less than 7% At least 8,5%, but less than 9% At least 7%, but tess than 7.5% At least 8%, but less than 8,5%