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The lease price for a piece of machinery is $32,500. If the term of the lease is 5 years, and interest charged is 3.7% compounded

The lease price for a piece of machinery is $32,500. If the term of the lease is 5 years, and interest charged is 3.7% compounded monthly, what is the monthly lease payment? $493.94$492.42$592.32$594.15

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