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 $$630,000.$ 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)$