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 8.6 percent compounded monthly. because the clubs cost $1,800 retail, pings wants the pv of the lease payments to equal $1,800. 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.)

Time value an iowa state savings bond can be converted to $750 at maturity 5 years from purchase. if the state bonds are to be competitive with u. s. savings bonds, which pay 5% annual interest (compounded annually), at what price must the state sell its bonds? assume no cash payments on savings bonds prior to redemption. ignore taxes.

Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.