An installment contract for the purchase of a car requires payments of $326.03 at the end of each month for 4 years. Interest is 8% per annum compounded monthly.

(a) What is the amountfinanced?

(b) How much is the interestcost?

(a) The amount financed is $

nothing

.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)

(b) The interest is $

nothing

.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)