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For his business, Nicholas leased equipment valued at $23 000. The terms of the lease required payments of $1800 every month. If the first payment

For his business, Nicholas leased equipment valued at $23 000. The terms of the lease required payments of $1800 every month. If the first payment is due nine months after the lease was signed and interest is 11% compounded monthly, what is the term of the lease?

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