Carmella purchased a refrigerator under a conditional sale contract that required 24 monthly payments of $78.26 with the first payment due on the purchase date. The interest rate on the outstanding balance was 17% compounded monthly.

a.What was the purchase price of the refrigerator?(Do not round intermediate calculations and round your final answerto 2 decimal places.)

Purchase price $

b.How much interest did Carmella pay during the entire contract?(Do not round intermediate calculations and round your final answerto 2 decimal places.)

Interest paid $