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finance Vou want io lease a set of golf clubs from Pings Lid. The lease contract is in fhe form of 24 cqual monthly payments
finance
Vou want io lease a set of golf clubs from Pings Lid. The lease contract is in fhe form of 24 cqual monthly payments di an APR of 9.6 percent compounded monthly. Because the clutas cost $2,500 retail. Pings wants the PV of the lease payments to equal $2,500 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 pleces, e.g., 32.16.)Step by Step Solution
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