You are thinking about leasing a car. The purchase price of the car is $31,000. The residual value (the amount you could pay to keep the car at the end of the lease) is $15,000 at the end of 36 months. Assume the first lease payment is due one month after you get the car. The interest rate implicit in the lease is 7.00 % APR, compounded monthly . What will be your lease payments for a 36-month lease ? (Note: Be careful not to round any intermediate steps less than six decimal places .