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Shannon leased equipment worth $70,000 for 8 years. If the cost of borrowing is 8.85% compounded monthly, calculate the size of the lease payment that

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Shannon leased equipment worth $70,000 for 8 years. If the cost of borrowing is 8.85% compounded monthly, calculate the size of the lease payment that is required to be made at the beginning of each month. Round to the nearest cent

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