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Kangaroo Autos is offering free credit on a new $ 1 2 , 2 0 0 car. You pay $ 1 , 1 0 0

Kangaroo Autos is offering free credit on a new $12,200 car. You pay $1,100 down and then $370 a month for the next 30 months. Turtle Motors next door does not offer free credit but will give you $1,160 off the list price.
a. If the rate of interest is 0.58% a month, calculate the present value of the payments to Kangaroo Autos. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
\table[[Present value,$,10,161.01
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