HQ Ltd. purchased a used truck from Trans Auto Sales Inc. HQ paid a $4,200down payment and signed a note that calls for 36 payments of $1,048.00at the end of each month. The stated rate of interest in the note is5%. As an incentive for entering into the contract, Trans has agreed to forgive the first two payments under the lease.(For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to 2 decimal places, e.g. 5,275.25.)

What was the purchase price of the used truck excluding the incentive given?