Question: Jonathan secured a 4-year car lease at 5.90% compounded annually that required him to make payments of $889.49 at the beginning of each month. Calculate
Jonathan secured a 4-year car lease at 5.90% compounded annually that required him to make payments of $889.49 at the beginning of each month. Calculate the cost of the car if he made a downpayment of $2,000.
Round to the nearest cent
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