(PLEASE SHOW ALL WORK AND VALUES)

(PLEASE SHOW ALL WORK AND VALUES)

29) Reginal is about to lease an apartment for the year. The landlord wants him to make the lease payments at the start of the month. The twelve monthly payments are S1,300 per month. The landlord says he will allow Reg to prepay the rent for the entire year with a discount. The one-time annual payment due at the beginning of the lease is S14,778 What is the implied monthly discount rate for the rent? If Reg is earning 1.5% on his savings monthly, should he pay by month or make the single annual payment? 30) The Stack has just written and recorded the single greatest rock song ever made. The boys in the band believe that the royalties from this song will pay the band a handsome S200,00 smash hit and the royalty estimate is accurate. The record studio wants to pay the band up front and not make any more payments for the song the band if it uses a 5% discount rate, a 7.5% discount rate, or a 10% discount rate? 0 every year forever. The record studio is also convinced that the song will be a What should the record studio offer 31) The band from the previous problem agrees to the one-time payment at a 5% discount rate, but it wants to figure the royalty payments from the beginning of the year, not the end of the year. How much more will the band receive