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.)

Can you show me a pic of the market so i can ?

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Ithink its a hope it ! : )