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A lease of $ 7 , 3 0 0 had to be repaid with payments of $ 4 0 0 at the beginning of every
A lease of $ had to be repaid with payments of $ at the beginning of every quarter. The interest rate charged was compounded quarterly.a How many payments are required to repay the debt?
It will take payments.
Rounded up to the next payment
b What is the size of the final payment?
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