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Laura purchased a car using a 5-year car lease at 6.70% compounded quarterly that required him to make payments of $606 at the beginning of

image text in transcribed Laura purchased a car using a 5-year car lease at 6.70% compounded quarterly that required him to make payments of $606 at the beginning of each month. Calculate the cost of the car if he made a down payment of $2,500. Round to the nearest cent

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