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Richard leased equipment worth $33,000 for 10 years and will own it outright at the end of the lease with no further payment. Calculate the

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Richard leased equipment worth $33,000 for 10 years and will own it outright at the end of the lease with no further payment. Calculate the size of the monthly lease payments if the lease rate is 7.01% compounded monthly. Note: Lease payments are made at the beginning of each month. Round to the nearest cent

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