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You rent an apartment for $550 per month, payable at the beginning of the month. An initial deposit of $450 is required. Utilities are an
You rent an apartment for $550 per month, payable at the beginning of the month. An initial deposit of $450 is required. Utilities are an additional $150 per month payable at the end of the month. The deposit is refundable at the time you move out, assuming a clean apartment in good condition. Draw a monthly cash flow diagram, assuming you keep the apartment for 12 full months
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