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Jacqueline leased equipment worth $35,000 for 8 years. If the cost of borrowing is 7.64% compounded quarterly, calculate the size of the lease payment

Jacqueline leased equipment worth $35,000 for 8 years. If the cost of borrowing is 7.64% compounded quarterly, calculate the size of the lease payment that is required to be made at the beginning of each quarter.

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