Question: I need a quick solution for this math. Please be accurate : 1. While buying a new car, Crystal made a down payment of $1,000

I need a quick solution for this math. Please be accurate :

1. While buying a new car, Crystal made a down payment of $1,000 and agreed to make month-end payments of $240 for the next 4 years and 5 months. She was charged an interest rate of 2% compounded semi-annually for the entire term.

  1. What was the purchase price of the car?
  2. What was the total amount of interest paid over the term?

2. Bright Inc. will be receiving $5,300 at the end of every month for the next 2 years. If these payments were directly invested into a fund earning 6.00% compounded semi-annually, what would be the future value of the fund at the end of 2 years?

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