Question: Daniel secured a 4-year car lease at 6.20% compounded annually that required him to make payments of $883.12 at the beginning of each month. Calculate

Daniel secured a 4-year car lease at 6.20% compounded annually that required him to make payments of $883.12 at the beginning of each month. Calculate the cost of the car if he made a downpayment of $1,250.

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