Annuity due. Reginald is about to lease an apartment for 36 months. The landlord wants him to make the lease payments at the start of the month The monthly payments are $1,400 per month. The landlord says he will allow Reg to prepay the rent for the entire lease with a discount. The one-time payment due at the beginning of the lease is $46,250 What is the implied monthly discount rate for the rent? If Reg is earning 1.0% on his savings monthly, should he pay by month or make the one-time payment? What is the implied monthly discount rate for the rent? % (Round to two decimal places.) ETTE
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- Annuity due. Reginald is about to lease an apartment for 24 months. The landlord wants him to make the lease payments at the start of the month. The monthly payments are $1,000 per month. The landlord says he will allow Reg to prepay the rent for the entire lease with a discount. The one-time payment due at the beginning of the lease is $22,176. What is the implied monthly discount rate for the rent? If Reg is earning 0.5% on his savings monthly, should he pay by month or make the one-time payment?Annuity due. Reginald is about to lease an apartment for 12 months. The landlord wants him to make the lease payments at the start of the month. The monthly payments are $1,500 per month. The landlord says he will allow Reg to prepay the rent for the entire lease with a discount. The one-time payment due at the beginning of the lease is $17,143. What is the implied monthly discount rate for the rent? If Reg is earning 0.7% on his savings monthly, should he pay by month or make the one-time payment? What is the implied monthly discount rate for the rent? % (Round to two decimal places.)Annuity due. Reginald is about to lease an apartment for 12 months. The landlord wants him to make the lease payments at the start of the month. The monthly payments are $1,500 per month. The landlord says he will allow Reg to prepay the rent for the entire lease with a discount. The one-time payment due at the beginning of the lease is $17,143. What is the implied monthly discount rate for the rent? If Reg is earning 1.4% on his savings monthly, should he pay by month or make the one-time payment? What is the implied monthly discount rate for the rent? nothing% (Round to two decimal places.)
- Reginald is about to lease an apartment for 12 months. The landlord wants him to make the lease payments at the start of the month. The monthly payments are $1,300 per month. The landlord says he will allow Reg to prepay the rent for the entire lease with a discount. The one-time payment due at the beginning of the lease is $15,180. What is the implied monthly discount rate for the rent? If Reg is earning 0.3% on his savings monthly, should he pay by month or make the one-time payment? What is the implied monthly discount rate for the rent?Reginald is about to lease an apartment for 36 months. The landlord wants him to make the lease payments at the start of the month. The monthly payments are $1,000 per month. The landlord says he will allow Reg to prepay the rent for the entire lease with a discount. The one-time payment due at the beginning of the lease is $32,484. What is the implied monthly discount rate for the rent? If Reg is earning 1.1% on his savings monthly, should he pay by month or make the one-time payment?Suppose you are a property owner and you are collecting rent for an apartment. The tenant has signed a one-year lease with $600 a month rent, payable in advance. Find the present value of the lease contract if the discount rate is 12% per year.
- An apartment requires a 12-month lease. The terms of the lease require you to pay $1, 000 upfront when you move in (the first month's $500 rent, plus a $500 security deposit). You then must pay S 500 monthly per month, except at the end of the 12th month when you do not pay but receive your $500 security deposit back. What is the present value cost of this lease to you if your prevailing interest rate is the (absurdly large) 3.26% per month? (You can use a spreadsheet.)Nevaeh is leasing a car originally valued at $33,630. The lease is being financed with an interest rate of 6.97% compounded monthly with beginning of month payments of $621. (a) How many payments will Nevaeh have to make to repay the original value? payment(s) (b) How long, in months, will it take Nevaeh to pay off the lease? (Hint: In an annuity due, payments are made at the beginning of each period.) month(s)Your car dealer is willing to lease you a new car for $180 a month for 36 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 4.2 percent, what is the current value of the lease?
- Your car dealer is willing to lease you a new car for $399 a month for 48 months. Payments aredue on the first day of each month starting with the day you sign the lease contract. If your costof money is 3 percent, what is the current value of the lease?Janice has decided to lease a new computer system. The computer sells for $2,094. She plans to pay off the lease over two years with monthly payments. Calculate the size of the lease payments if the lease charges 8.4% compounded monthly. Your Answer: AnswerYour lease calls for payments of $500 at the end of each month for the next 12 months. Now your landlord offers you a new 1-year lease which calls for zero rent for 3 months, then rental payments of $700 at the end of each month for the next 9 months. You keep your money in a bank time deposit that pays a simple annual rate of 5 percent. By what amount would your net worth change if you accept the new lease? (Hint: Your return per month is 5%/12 = 0.4166667%.) Group of answer choices +$509.81 −$509.81 +$253.62 −$253.62 +$125.30