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An apartment requires a 1 2 - month lease. The terms of the lease require you to pay $ 1 , 0 0 0 upfront
An apartment requires a month lease. The terms of the lease require you to pay $ upfront when you move in the first month's $ rent, plus a $ security deposit You then must pay $ monthly per month, except at the end of the th month when you do not pay but receive your $ security deposit back. What is the present value cost of this lease to you if your prevailing interest rate is the absurdly large per month? You can use a spreadsheet.
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