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The monthly rent for apartment is $2000. You are signing a two year lease. On day 1 you pay one month deposit plus one month

The monthly rent for apartment is $2000. You are signing a two year lease. On day 1 you pay one month deposit plus one month rent. Then you pay rent on the first day of each month. Deposit of $2,000 returned to you when you leave after 2 years Find Net present value (use discount rate of 6%/year

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