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Save Score: 0 of 1 pt 13 of 25 20 complete HW Score: 7696. 19 of 25 p P4-13 (similar to) Question Help Annuity due

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Save Score: 0 of 1 pt 13 of 25 20 complete HW Score: 7696. 19 of 25 p P4-13 (similar to) Question Help Annuity due Reginald is about to use an apartment for 30 months. The landlord wants him to make the lease payments at the start of the month The monthly payments are $1,100 per month. The landlord says he will allow Rag to prepay the rent for the entire lane with a discount. The one-time payment due at the beginning of the lease is $20,067 What is the implied monthly discount rate for the ent? Regis earning 1.4% on his saving money should he pay by month or make the one-time payment? What is the implied monthly discount rate for the rent? E Road to the decimal places) Enter your answer in the answer box and then click Check Answer part Teminine

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