Question: MATH119-011 Fall2021 harsh kaur 12/16/219:39 Test: MATH119 Test #3 Fall 2021 Question 2 of 15 This test: 50 point(s) possible This question: 3 point(s) possible

MATH119-011 Fall2021 harsh kaur 12/16/219:39 Test: MATH119 Test #3 Fall 2021 Question 2 of 15 This test: 50 point(s) possible This question: 3 point(s) possible Submit test A credit union entered a lease contract valued at $5300. The contract provides for payments at the end of each quarter for 2 years. If interest is 5.5% compounded quarterly, what is the size of the quarterly payment? The payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Time Remaining: 01:20.17 Next

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