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A car was purchased for $2140 down and payments of $435 at the end of each month for six years. Interest is 7% compounded quarterly.

A car was purchased for $2140 down and payments of $435 at the end of each month for six years. Interest is 7% compounded quarterly. What was the purchase price of the car? How much interest will be paid?

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.)

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.)

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