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What monthly lease payment due in advance should be charged for a tract of land valued at $39,000 if the agreed interest is 7.33% compounded

What monthly lease payment due in advance should be charged for a tract of land valued at $39,000 if the agreed interest is 7.33% compounded annually

The monthly lease payment should be $ .........

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed

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