If you rent an apartment, you pay monthly rent expense.  The rent payment is fixed each month and it ends at a specific period - usually after 12 months.  If you want to make ONE payment to your landlord at the start of the lease instead of 12 payments each month.

You can calculate how much interest to subtract from the total by using which formula?

Answer rating: 100% (QA)

To calculate how much interest to subtract from the total if you want to make one payment ... View the full answer