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Payments on a six-year lease valued at $36,650 are to be made at the beginning of every three months. If interest is 7.5% compounded quarterly,

Payments on a

six-year

lease valued at

$36,650

are to be made at the beginning of every

three months.

If interest is

7.5%

compounded

quarterly,

what is the size of the

quarterly

payments?

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