Question: Chad secured a 5-year car loan at 5.90% compounded annually that required her to make payments of $886.70 at the beginning of each month.

Chad secured a 5-year car loan at 5.90% compounded annually that required

Chad secured a 5-year car loan at 5.90% compounded annually that required her to make payments of $886.70 at the beginning of each month. Calculate the cost of the car if she made a downpayment of $3,250. Round to the nearest cent

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