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A credit union entered a lease contract valued at $7900. The contract provides for payments at the end of each quarter for 2 years. If

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A credit union entered a lease contract valued at $7900. The contract provides for payments at the end of each quarter for 2 years. If interest is 6.4% compounded quarterly, what is the size of the quarterly payment? The payment is $( (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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