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Lucy leased equipment worth $60,000 for 9 years. If the lease rate is 4.75% compounded semi-annually, calculate the size of the lease payment that is

Lucy leased equipment worth $60,000 for 9 years. If the lease rate is 4.75% compounded semi-annually, calculate the size of the lease payment that is required to be made at the beginning of each half-year.

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