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.)

On december 31, 2013, coronado company issues 173,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $10. the fair value of the sars is estimated to be $5 per sar on december 31, 2014; $2 on december 31, 2015; $10 on december 31, 2016; and $8 on december 31, 2017. the service period is 4 years, and the exercise period is 7 years. prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan.