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Rebecca purchased a car using a 4-year car lease at 6.70% compounded quarterly that required him to make payments of $485 at the beginning of
Rebecca purchased a car using a 4-year car lease at 6.70% compounded quarterly that required him to make payments of $485 at the beginning of each month. Calculate the cost of the car if he made a down payment of $2,000.
Round to the nearest cent
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