Question: While buying a new car, Phillip made a down payment of $ 8 0 0 . 0 0 and agreed to make month - end
While buying a new car, Phillip made a down payment of $ and agreed to make monthend payments of $ for the next years and months. If she was charged an interest rate of compounded quarterly for the entire term, answer the following, rounding to the nearest cent.
a What was the cost of the car when Phillip purchased it
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