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A lease of $8,400 had to be repaid with payments of $375 at the beginning of every quarter. The interest rate charged was 6.50% compounded

A lease of $8,400 had to be repaid with payments of $375 at the beginning of every quarter. The interest rate charged was 6.50% compounded quarterly.

a. How many payments are required to repay the debt?

b. What is the size of the final payment?

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