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using financial mathematics 6. A landlord charges 550, to be paid at the beginning of each month for twelve months, for a room. At a

image text in transcribedusing financial mathematics

6. A landlord charges 550, to be paid at the beginning of each month for twelve months, for a room. At a monthly interest rate of 1% what is equivalent lump sum payment for the room at the beginning of the lease? (A) 6190 (B) 6252 (C) 6314 (D) 6376 (E) 6438

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