Annuity due. Reginald is about to lease an apartment for $30$ months. The landlord wants him to make the lease

payments at the start of the month. The monthly payments are $$1,300$ per month. The landlord says he will allow Reg

to prepay the rent for the entire lease with a discount. The one$-$time payment due at the beginning of the lease is

$$33,886.$ What is the implied monthly discount rate for the rent? If Reg is earning $1\mathrm{.}5\%$ on his savings monthly, should

he pay by month or make the one$-$time payment?

What is the implied monthly discount rate for the rent?

$\%($Round to two decimal places.$)$