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Shawn purchased a car using a 5-year car lease at 4.80% compounded quarterly that required...

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Finance

Shawn purchased a car using a 5-year car lease at 4.80% compounded quarterly that required him to make payments of $327 at the beginning of each month. Calculate the cost of the car if he made a down payment of $2,000. (Question based on: Annuities (Future and Present Value Calculations for Ordinary Simple and General Annuity))

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Round to the nearest cent

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