Use the Information for the Question(s) Below

Use the information for the question(s) below.
Suppose the purchase price of a bulldozer is $90,000, its residual value in four years is certain to be $15,000, and there is no risk that the lessee will default on the lease. Assume that capital markets are perfect and the risk-free interest rate is 6% APR with monthly compounding.
-Suppose that the bulldozer can be leased with a $1.00-out lease. The lease payments will be closest to ________.

A) 2,114
B) 1,825
C) 2,030
D) 2,103

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