Question: You Have Just Signed A Contract For Your Rental Property And You Will Make Monthly Payments At The Beginning Of Each Month. Your Monthly Payments Is $1000 And The Monthly Rate Is 1% Per Month. Calculate The Present Value Of Your Rental Payments For The First Year. $11367.63 $10786.85 $10252.62 $9760.48

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You have just signed a contract for your rental property and you will make monthly payments at the beginning of each month. Your monthly payments is $1000 and the monthly rate is 1% per month. Calculate the present value of your rental payments for the first year. $11367.63 $10786.85 $10252.62 $9760.48