1-) You are going to buy a milling machine for your company. The company borrows money to make the purchase and the loan terms are 9% per year, compounding monthly while making quarterly payments for 10 years. The machine costs $50,000. a. Compute the equivalent interest rate for the payment period. b. Compute the effective interest rate per year. C. Compute the quarterly payments. d. After 12 quarters, we realize that it would be advantageous to pay off the entire machine at the end of the next quarter. How much do we owe? W AN M W