Brittany purchased a car using a 5-year car lease at 7.30% compounded quarterly that required him to make payments of $406 at the beginning of
Brittany purchased a car using a 5-year car lease at 7.30% compounded quarterly that required him to make payments of $406 at the beginning of each month. Calculate the cost of the car if he made a down payment of $3,250.
Round to the nearest cent
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Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
