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Irlene buys a new pickup truck on a 36-month lease at 6.25% compounded semi-annually with $5,900 down. If her monthly payments are $578.39 and the
Irlene buys a new pickup truck on a 36-month lease at 6.25% compounded semi-annually with $5,900 down. If her monthly payments are $578.39 and the residual value is $8,063, what was the purchase price of the truck? Please round to the nearest cent.
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