Question: While buying a new car, Mark made a down payment of $900.00 and agreed to make month-end payments of $220.00 for the next 3 years


While buying a new car, Mark made a down payment of $900.00 and agreed to make month-end payments of $220.00 for the next 3 years and 5 months. If she was charged an interest rate of 2.00% compounded quarterly for the entire term, answer the following, rounding to the nearest cent. a. What was the cost of the car when Mark purchased it? $0.00 Round to the nearest cent SAVE PROGRESS SUBN $0.00 Round to the nearest cent b. What was the total amount of interest paid over the term? $0.00 Round to the nearest cent
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