question in pic CoursHeroTranscribedText: Payments on a five-year lease valued at $32,500 are to be...
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CoursHeroTranscribedText: Payments on a five-year lease valued at $32,500 are to be made at the beginning of every three months. If interest is 7.4% compounded quarterly, what is the size of the quarterly payments? The size of the quarterly payments is $D. (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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