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A credit union entered a lease contract valued at $6200.The contract provides for payments at the end of each quarter for 3 years. If interest

A credit union entered a lease contract valued at $6200.The contract provides for payments at the end of each quarter for 3 years. If interest is 6.5% compounded quarterly, what is the size of the quarterly payment?

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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