Reginald is about to lease an apartment for 12

12 months. The landlord wants him to make the lease payments at the start of the month. The monthly payments are

Score: 0 of 2 pts 9 of 23 (14 complete) HW Score: 60%, 30 of 50 pts P4-13 (similar to) Question Help Annuity due. Reginald is about to lease an apartment for 12 months. The landlord wants him to make the lease payments at the start of the month. The monthly payments are $1,200 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 $14,012. What is the implied monthly discount rate for the rent? If Reg is earning 0.3% 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.) Enter your answer in the answer box and then click Check Answer. ? part remaining Clear All Check