Question 14 (7 points) You want to lease a set of golf clubs from Pings Ltd. The lease contract is in the form of 12 equal monthly payments at an APR of 8.4 percent, compounded monthly. Because the clubs 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? $217.9 $216.4 $312.4 $338.6