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Cynthia is leasing a vehicle worth $ 1 7 , 9 0 0 , with a down payment of $ 2 , 0 0 0

Cynthia is leasing a vehicle worth $17,900, with a down payment of $2,000 and equal payments at the beginning of every month for three years. What is the size of each lease payment if the cost of borrowing is 5.26% compounded monthly and the residual value is $12,000?

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