Question: This Question: 1 pt 2 of 10 (0 complete) This Test: 10 pts A credit union entered a lease contract valued at $5900. The contract

This Question: 1 pt 2 of 10 (0 complete) This Test:

This Question: 1 pt 2 of 10 (0 complete) This Test: 10 pts A credit union entered a lease contract valued at $5900. 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 $7 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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