Morgan secured a lease on a machine by paying $1,350 as a down payment and then $550 at the beginning of every month for 3 years. The lease rate was 3.75% compounded monthly. a. What was the principal amount of the lease? Round to the nearest cent b. What was the cost of the machine? Round to the nearest cent c. What was the amount of interest paid over the term of the lease? Round to the nearest cent