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Kenneth secured a 4 - year car loan at 5 . 6 0 % compounded annually that required him to make payments of $ 8

Kenneth secured a 4-year car loan at 5.60% compounded annually that required him to
make payments of $882.81 at the beginning of each month. Calculate the cost of the car
if he made a downpayment of $2,500.
Round to the nearest cent
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