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III Homework: Assignment 6 Question 5, 11.4.9 > HW Score: 10%, 1 of 10 points O Points: 0 of 1 Save A credit union entered

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III Homework: Assignment 6 Question 5, 11.4.9 > HW Score: 10%, 1 of 10 points O Points: 0 of 1 Save A credit union entered a lease contract valued at $5300. The contract provides for payments at the end of each quarter for 3 years. If interest is 7% compounded quarterly, what is the size of the quarterly payment? The payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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