Question:A car was purchased for $3650 down and payments of $338 at
the end of each...
Question
A car was purchased for $3650 down and payments of $338 at
the end of each...
A car was purchased for $3650 down and payments of $338 at
the end of each month for five years. Interest is 2% compounded
annually. What was the purchase price of the car? How much
interest will be paid?
The purchase price of the car was $
nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)
The amount of interest that will be paid is $
nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)