What would be the monthly payment

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Question - Suppose a Mining Forklift has a cost of $150,000 and will have a residual market value of $45,000 in 5 years. The? risk-free interest rate is 5.5% APR with monthly compounding.

a. What is the? risk-free monthly lease rate for a 5?-year lease in a perfect? market?

b. What would be the monthly payment for a 5?-year $150,000 ?risk-free loan to purchase the? Forklift?

Reference no: EM132764258

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