Annulty duo. Reginald is about to lease an apartment for 30 months. The landlord wants him to make the loose payments at the start of the month. The monthly payments are $1,400 per month. The landlord says he will alow Reg to prepay the rent for the entire lease with a discount. The one-time payment due at the beginning of the losse is $37,506. What is the implied monthly discount rate for the rent? If Rog is earning 0.8% 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.)