Part a is correct but part b is incorrect

Click here to use Excel if needed. If you want, you may use the above spreadsheet for your computations. It does not have copy and paste feature, just type, and calculate. Question 1 Retaken 6/12 points On May 1st, Alpha Company purchased a truck for $24,000 plus 8% sales taxes. Paid $2,000 in cash as down payment and signed a 5% note for remaining that requires 10 payments at the end of each month for ten months. 3. Compute the amount of monthly payment (box 1) Example of Answer: 875.20 Two decimal points. No comma, space, or \$ sign. b. Total amount of interest paid on purchase of this equipment (box 2) Example of Answer: 875.20 Two decimal points. No comma, space, or $ sign. 89.89