Suppose an H1200 supercomputer has a cost of 150,000 and will have a residual market value of $60,000 in 4 years. The risk-free interest rate is5.8% APR with monthly compounding. a. What is the risk-free monthly lease rate for a 4-yearlease in a perfect market? b. What would be the monthly payment for a 4-year$ $150,000 risk-free loan to purchase the H1200?

Note: Round the monthly interest rate to at least six decimal places.

The present value of the lease payments is

(Round to the nearest dollar.)

The risk-free monthly lease rate for a 4-year lease in a perfect market is_____

(Round to the nearest dollar.)

b. What would be the monthly payment for a 4-year $150,000 risk-free loan to purchase the H1200?

The monthly payment for the risk-free loan is

.

(Round to the nearest dollar.)