Consider a 6-year lease for a $ 250, 000 bottling machine, with a residual market value of $ 87,500 at the end of 6 years. If the risk-free interest rate is 5.1 % APR with monthly compounding, compute the monthly lease payment in perfect market for the following leases:

a. A fair market value lease.

b. A $ 1.00 out lease.

c. A fixed price lease with an $ 33, 000 final price