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David leased equipment worth $30,000 for 9 years. If the lease rate is 5.50% compounded quarterly, calculate the size of the lease payment that is

David leased equipment worth $30,000 for 9 years. If the lease rate is 5.50% compounded quarterly, calculate the size of the lease payment that is required to be made at the beginning of each quarter.

Round to the nearest cent

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