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Homework Answers
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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says he will allow Reg to prepay the rent for the entire lease with
a discount. The one-time payment due at the beggining of the lease
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is earning 1.5% on...
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