Now you want to calculate the present value of the money you will pay for...
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Now you want to calculate the present value of the money you will pay for rent over those four years. Let's assume a monthly discount rate of What is the present value of the rent you will pay over the next four years? Hint: Break down the present value calculation for each year at t t t and t Use the present value of annuity for periods. Be sure to apply the discount rate correctly for each period.
Now you want to calculate the present value of the money you will pay for rent over those four years. Let's assume a monthly discount rate of What is the present value of the rent you will pay over the next four years?
Hint: Break down the present value calculation for each year at t t t and t Use the present value of annuity for periods. Be sure to apply the discount rate correctly for each period.
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