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a). Assume, Zainab want to lease a gold set and lease contract is for 36 equal monthly installments at a 12.4 percent annual interest rate,

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a). Assume, Zainab want to lease a gold set and lease contract is for 36 equal monthly installments at a 12.4 percent annual interest rate, compounded monthly. The Gold set costs Rs. 2,30,000 in the market and Zainab wants the PV of the lease payments to equal Rs.2,30,000. Suppose that her first payment is due immediately. What will her monthly lease payments be

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