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Wann Accounting Inc. leases its office and computer equipment. Two years ago, it signed a seven - year lease requiring quarterly payments of $ 3

Wann Accounting Inc. leases its office and computer equipment. Two years ago, it signed a seven-year lease requiring quarterly payments of $36,150. Financing the equipment would have required a bank loan at 8.50% compounded monthly. What is the current amount of the lease liability? For full marks your answer(s) should be rounded to the nearest cent.

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