Question: While buying a new car, Melissa made a down payment of $1,000.00 and agreed to make month-end payments of $320.00 for the next 4 years

While buying a new car, Melissa made a down payment of

While buying a new car, Melissa made a down payment of $1,000.00 and agreed to make month-end payments of $320.00 for the next 4 years and 7 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 Melissa purchased it? $0.00 Round to the nearest cent b. What was the total amount of interest paid over the term? SO.00 Round to the nearest cent

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