A local moving service recently purchased a van by securing a loan with semiannual payments of $3500 per semiannual period for 7 years at 12% per year compounded semiannually. What was the purchase price of this van? (Round your answer to the nearest cent.) Submit Answer Lupe made a down payment of $2300 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 11%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $210/month for 36 months. What was the cash price of the car? (Round your answer to the nearest cent.)