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Suppose an H1200 supercomputer has a cost of $ 450,000 and will have a residual market value of $ 135,000 in 6years. The risk-free interest

Suppose an H1200 supercomputer has a cost of $ 450,000 and will have a residual market value of $ 135,000 in 6years. The risk-free interest rate is 6.3 % 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 4-year $ 450,000 risk-free loan to purchase the H1200?

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

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