12. [0/0.05 Points] DETAILS PREVIOUS ANSWERS TANAPMATH5 4.2.024.MI. MY NOTES PRACTICE ANOTHER Lupe made a down payment of $1600 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 12%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $230/month for 60 mo. What is the cash price of the car? (Round your answer to the nearest cent.) $ 14954.10 x Need Help? Read It Master It