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You buy a car with a down payment of $300 and payments of $200 per month for 3 years. If the interest rate is 4%

You buy a car with a down payment of $300 and payments of $200 per month for 3 years. If the interest rate is 4% compounded monthly, what is the total cost of the car?

The answer provided was $7074.15

Tell me how they got that number as I am unsure of what formula I should use.

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