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Zach signed a 2-year lease at 1.6% compounded monthly on a Honda Accord which has a selling price of $31,000. He is required to make

Zach signed a 2-year lease at 1.6% compounded monthly on a Honda Accord which has a selling price of $31,000. He is required to make a $3,000 down payment now, and the residual value of the vehicle is $9,800. What is the amount of the monthly lease payments made at the beginning of each month?

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