A car was purchased for $2720 down and payments of $218 at the end of each month for four years. Interest is 4% compounded annually. 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.)