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Jacob purchased a car using a 6-year car lease at 5.60% compounded quarterly that required him to make payments of $481 at the beginning of

Jacob purchased a car using a 6-year car lease at 5.60% compounded quarterly that required him to make payments of $481 at the beginning of each month. Calculate the cost of the car if he made a down payment of $1,750. Round to the nearest cent

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