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Payments on a five-year lease valued at $33,050 are to be made at the beginning of every year. If interest is 3.1% compounded annually, what

Payments on a

five-year

lease valued at

$33,050

are to be made at the beginning of every

year.

If interest is

3.1%

compounded

annually,

what is the size of the

annual

payments?

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