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Keith leased equipment worth $ 4 5 , 0 0 0 for 1 0 years. If the cost of borrowing is 7 . 4 7
Keith leased equipment worth $ for years. If the cost of borrowing is compounded semiannually, calculate the size of the lease payment that is required to be made at the beginning of each halfyear.
$
Round to the nearest cent
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