Annuity due. Reginald is about to lease an apartment for 24 months. The lanciord wants him to make the lease payments at the start of the month. The monthiy payments are $1,400 per month. The landiord says he will aliow Reg to prepay the rent for the entire lease with a discount. The one-time payment due at the beginning of the lease is $31,046. What is the implind monthiy discount rate for the rent? If Reg is eaning 1.2% on his savings monthly, should he pay by month or make the one-time payment? What is the knplied monthly dscount rate for the rent