You purchased a new vehicle by making a down payment of $2,000 and agreeing to make...

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You purchased a new vehicle by making a down payment of $2,000 and agreeing to make payments of $500 at the end of each month for the next 6 years. Interest is 5% compounded monthly. (a) What was the purchase price of the new vehicle? (b) How much interest will have to be paid? You purchased a new vehicle by making a down payment of $2,000 and agreeing to make payments of $500 at the end of each month for the next 6 years. Interest is 5% compounded monthly. (a) What was the purchase price of the new vehicle? (b) How much interest will have to be paid?