Bravo Manufacturing Company is negotiating with a customer for the lease of a large machine manufactured by Bravo. The machine has a cash price of $$680,000.$ Bravo wants to be reimbursed for financing the machine at a $12\%$ annual interest rate over the five$-$year lease term.

Required:

Determine the required lease payment if the lease agreement calls for $10$ equal semiannual payments beginning six months from the date of the agreement.

Determine the required lease payment if the lease agreement calls for $20$ equal quarterly payments beginning immediately.

Determine the required lease payment if the lease agreement calls for $60$ equal monthly payments beginning one month from the date of the agreement. The present value of an ordinary annuity factor for $n=60$ and $i=1\%$ is $44\mathrm{.}9550.$

Note: For all requirements, Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

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Required $1$

Determine the required lease payment if the lease agreement calls for $10$ equal semiannual payments beginning six months from the date of the agreement.

Note: Round your final answers to nearest whole dollar amount.

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