Calculate the cost of the car if he made a downpayment

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Reference no: EM133290592

Question: Annuities style question.

Cody secured a 5-year car lease at 6.50% compounded annually that required him to make payments of $881.16 at the beginning of each month. Calculate the cost of the car if he made a downpayment of $2,750.

Reference no: EM133290592

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