2. You just leased a Chevy Bolt. The terms of the lease requires a down payment of $2,000 plus payments of $300 per month for 5 years with the first payment due immediately. At the end of 5 years you need to pay $29,670. The interest rate is 3.9% compounded monthly. (a) How much is the cash price (selling price) of the car? [6 marks] B/E P/Y C/Y N VY PV PMT FV ANSWER: (b) Calculate the cost of financing (the amount of interest paid). [3 marks]