A lease of $7,900 had to be repaid with payments of $300 at the beginning of every month. The interest rate charged was 8.50% compounded monthly. a. How many payments are required to repay the debt? o 30 payments O 29 payments o 35 payments O 27 payments b. What is the size of the final payment? O $9,763.14 O $9,694.47 O $5.95 O $9,763.14

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