You sign a 12-month apartment lease. You owe $2000 per month at the beginning of...
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Accounting
You sign a 12-month apartment lease. You owe $2000 per month at the beginning of each month, first payment due immediately. If you instead decided to pay it off in one lump sum today, approximately what would this amount be? The monthly interest rate is 3%. A. $20, 505 B. $21, 8969 C. $20, 034 D. $25, 108
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