2. A car was purchased for $3490 down and payments of $206 at the end of each month for five years. Interest is 3% compounded quarterly. What was the purchase price of the car? How much interest will be paid?

a) The purchase price of the car was $______ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) b) The amount of interest that will be paid is $_____ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)