Question: To purchase $ 1 2 , 2 0 0 worth of restaurant equipment for his business, Miguel made a down payment of $ 1 4

To purchase $12,200 worth of restaurant equipment for his business, Miguel made a down payment of $1400 and took out a business loan for the rest. After 2 years of paying monthly payments of $478.67, he finally patd off the loan.
(a) What was the total amount Miguel ended up paying for the equipment (including the down payment and monthly payments)?
(b) How much interest did Miguel pay on the loan?
 To purchase $12,200 worth of restaurant equipment for his business, Miguel

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