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Please show steps! Will rate! Thank you so much. Suppose an H1200 supercomputer has a cost of $400,000 and will have a residual market value

image text in transcribedPlease show steps! Will rate! Thank you so much.

Suppose an H1200 supercomputer has a cost of $400,000 and will have a residual market value of $80,000 in 6 years. The nsk-free interest rate is 6.2% APR with monthly compounding a. What is the risk-free monthly lease rate for a 6-year lease in a perfect market? b. What would be the monthly payment for a 6-year $400,000 risk-free loan to purchase the H1200? Note: Round the monthly interest rate to at least six decimal places

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