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You want to lease a set of golf clubs from Pings Ltd . The lease contract is in the form of 1 2 equal monthly

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 8.9 percent compounded monthly. Because the
clubs cost $1,900 retail, the company wants the value today of the lease payments to
equal $1,900. 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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