Question: PLEASE HELP THE LAST PERSON GAVE THE COMPLETE WRONG ANSWERS Consider a 7-year lease for a $400,000 bottling machine, with a residual market value of

PLEASE HELP THE LAST PERSON GAVE THE COMPLETE WRONG ANSWERS

Consider a 7-year lease for a $400,000 bottling machine, with a residual market value of $160,000 at the end of 7 years. If the risk-free interest rate is 5.7% APR with monthly compounding, compute the monthly lease payment in a perfect market for the following leases: a. A fair market value lease. b. A $1.00 out lease. c. A fixed price lease with an $97,000 final price. a. A fair market value lease. The present value of the lease payments is $. (Round to the nearest dollar.)

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