Suppose an H1200 supercomputer has a cost of $200,000 and will have a residual market value of $50,000 in 66 years. The risk-free interest rate is 5.7%

APR with monthly compounding. a. What is the risk-free monthly lease rate for a 66-year lease in a perfect market?

b. What would be the monthly payment for a 66-year $200,000 risk-free loan to purchase the H1200?

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