Question: Anna secured a 4-year car lease at 6.20% compounded annually that required him to make payments of $887.29 at the beginning of each month. Calculate

Anna secured a 4-year car lease at 6.20% compounded annually that required him to make payments of $887.29 at the beginning of each month. Calculate the cost of the car if he made a downpayment of $1,000.

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