# Bus 341 – You Want To Lease A Set Of Golf Clubs From Pings Ltd.

You want to lease a set of golf clubs from Pings Ltd. The lease contract is in the form of 36 equal monthly payments at an APR of 10. 3 percent, compounded monthly. Because the clubs cost \$3,300 retail, Pings wants the PV of the lease payments to equal \$3,300. Suppose that your first payment is due immediately. What will your monthly lease payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g. , 32. 16. ) Lease payment\$

# Bus 341 – You Want To Lease A Set Of Golf Clubs From Pings Ltd.

You want to lease a set of golf clubs from Pings Ltd. The lease contract is in the form of 36 equal monthly payments at an APR of 10. 3 percent, compounded monthly. Because the clubs cost \$3,300 retail, Pings wants the PV of the lease payments to equal \$3,300. Suppose that your first payment is due immediately. What will your monthly lease payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g. , 32. 16. ) Lease payment\$ Need help solving