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A store can be rented for $1,000 a month payable in advance. The landlord will accept a single cash payment at the beginning of a year for a year's...

A store can be rented for $1,000 a month payable in advance. The landlord will accept a single cash payment at the beginning of a year for a year's lease. If interest is computed at 6% converted monthly, what would be the cost of a year's lease?.

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