As of the date of Colony Farms most recent financial statements, 3_1 years remained in 2 the

Question:

As of the date of Colony Farm’s most recent financial statements, 3_1 years remained in 2 the term of a lease reported as a long-term liability of $27,400. If the beginning-of-month lease payments are $750, what monthly compounded nominal was used in valuing the lease?
Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...