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Payments on a four-year lease valued at $29,600 are to be made at the beginning of every year. If interest is 8% compounded annually, what

Payments on a four-year lease valued at $29,600 are to be made at the beginning of every year. If interest is 8% compounded annually, what is the size of the annual payments? The size of the annual payments is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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