Annuity due. Reginald is about to lease an apartment for 18 months. The landlord wants him to maka the lease payments at the start of the monin The monthly payments are $1,100 per month. The landlord says he will allow Reg to prepay the ront for the ontire lease with a discount. The one-time payrtent due at the beginning of the loase is $18,984. What is the implied monthly discount rate for the ront? it Reg is oaming 0.3 * on his arvings nonthy ahotit tien pay by month or make the one-time payment? What is the implied monthly discount rate for the rent? \%. (Round to two decimal places.)