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 $3,300. Suppose that your first payment is due immediately. What will your monthly lease payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g. , 32. 16. ) Lease payment$

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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

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