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If a 32 million mri machine can be leased for 4 years for

Question - Suppose the risk-free interest rate is 5.3% APR with monthly compounding. If a $3.2 million MRI machine can be leased for 4 years for $59,500 per month, what residual value must the lessor recover to break even in a perfect market with no risk? (Assume that the first payment is made immediately, so the payments occur at the beginning of each month.

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Accounting Basics: If a 32 million mri machine can be leased for 4 years for

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