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Anika leased equipment worth $60,000 for 8 years. If the cost of borrowing is 4.65% compounded monthly, calculate the size of the lease payment that

Anika leased equipment worth $60,000 for 8 years. If the cost of borrowing is 4.65% compounded monthly, calculate the size of the lease payment that is required to be made at the beginning of each month.

Round to the nearest cent

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