Consider a 6

6-year lease for a $ 450 comma 000

$450,000 bottlingmachine, with a residual market value of $ 135 comma 000

$135,000 at the end of 6

6 years. If therisk-free interest rate is 5.3 %

5.3% APR with monthlycompounding, compute the monthly lease payment in a perfect market for the followingleases:

a. A fair market value lease.

b. A $ 1.00

$1.00 out lease.

c. A fixed price lease with an $ 90 comma 000

$90,000 final price.