Compute the monthly lease payment in a perfect market

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Consider a 4-year lease for a $500,000 bottling machine, with a residual market value of $100,000 at the end of 4 years. If the interest rate is 6.1% APR with monthly compounding, compute the monthly lease payment in a perfect market for the following leases:

a) A fair market value lease A fair market value lease would be $. ......................(Round to the nearest dollar.)

b) A $1.00 out lease A $1.00 out lease would be $.................... (Round to the nearest dollar.)

c) A fixed price lease with an $39,000 final price A fixed price lease with an $39,000 final price would be $.........................(Round to the nearest dollar.)

Reference no: EM131044067

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