Question: Peter purchased a new car by making a down payment of $ 2 , 4 0 0 and agreeing to make payments of $ 2

Peter purchased a new car by making a down payment of $2,400
and agreeing to make payments of $220 at the end of each month
for 5 years. Interest is 5.4% compounded monthly. What was the
purchase price of the car?
Peter purchased a new car by making a down payment of

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