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You have signed a lease to purchase agreement for a car. According to the lease contract, you will make an equal payment at the beginning

You have signed a lease to purchase agreement for a car. According to the lease contract, you will make an equal payment at the beginning of each month. The lease principal, at the beginning of the lease is $42,500. The duration of the lease is 5 years and the interest rate is 6% compounding monthly. How much ($) is your monthly payment?
Select one:
a.
$798.59
b.
$817.56
c.
$821.64
d.
$827.41
e.
$812.50

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