An installment contract for the purchase of a car requires payments of

$346.46

at the end of

each

month

for

4

years. Interest is

9%

per annum compounded monthly.

(a) What is the amount financed?

(b) How much is the interest cost?

(a) The amount financed is

$nothing.

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

(b) The interest is

$nothing.

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