Question: While buying a new car, William made a down payment of $900 and agreed to make month-end payments of $330 for the next 4 years

While buying a new car, William made a down payment of $900 and agreed to make month-end payments of $330 for the next 4 years and 7 months. She was charged an interest rate of 2% compounded semi-annually for the entire term. A. What was the purchase price of the car? b. What was the total amount of interest paid over the term?

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