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Luis leased equipment worth $45,000 for 9 years. If the cost of borrowing is 6.55% compounded quarterly, calculate the size of the lease payment that

Luis leased equipment worth $45,000 for 9 years. If the cost of borrowing is 6.55% compounded quarterly, calculate the size of the lease payment that is required to be made at the beginning of each quarter.

Round to the nearest cent

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