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Richard secured a 4 year car lease at 5.60% compounded annually that required him to make paymants of 886.04 at the beginning of each month.

Richard secured a 4 year car lease at 5.60% compounded annually that required him to make paymants of 886.04 at the beginning of each month. Calculate the cost of the car if he made a downpayment of 2,500?

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