Treadway has gotten used to the idea of leasing and is now considering an equipment lease of
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Treadway has gotten used to the idea of leasing and is now considering an equipment lease of a computer. The lease terms call for a lease amount of \($3,280,\) a residual value of \($750\) and 18 monthly payments. The lease carries an interest rate of 12% per year.
How much is Treadway's monthly payment?
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