1.) Capital Leasing leases commercial kitchen equipment to restaurants, hotels, hospitals, and other institutions. Capital Leasing calculates the payments on its four-year leases so that it recovers the purchase price of the equipment plus a return on investment of 16% compounded annually over the term of the lease. What will be the required lease payments at the beginning of each quarter on equipment purchased by Capital for $57,000? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

2.)What minimum amount of money earning 7% compounded semiannually will sustain withdrawals of $1000 at the beginning of every month for 12 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)