reginald is about to lease an apartment for 18 months. the landlord wants him to make the lease payments at the start of the month. the monthly payment is $1200 per month. the landlord will allow him to prepay the rent the entire lease with a discount. the one-time payment at the beginning of the lease is $20,370. if he earns 1.2% on his savings monthly, should he pay by month or make an one time payment? what is the implied monthly discount for the rent?

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