A firm wants to lease some land from you on a $25-$year lease and build a warehouse

on it$.$ As your payment for the lease, you will own the warehouse at the end of the

$25$ years, estimated to be worth $$55,000$ at that time. Find the present worth for and

calculate the associated annual effective interest rate for each scenario $(a,b,c).$ The

nominal annual interest rate for all scenarios is $9\%.$

a$)($compounded annually$)$

b$)($compounded quarterly$)$

c$)($compounded monthly$)$