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Annuity due. Reginald is about to lease an apartment for 18 months. The landlord wants him to make the lease payments at the

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Answer #1

Calculating Discount Rate on Lease Payment,

Using TVM Calculation,

I = BEG[PV = 25,253, PMT = -1,500, FV = 0, N = 18]

I = 9.60%

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