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Kangaroo Autos is offering free credit on a new $ 1 2 , 6 0 0 car. You pay $ 1 , 6 0 0

Kangaroo Autos is offering free credit on a new $12,600 car. You
pay $1,600 down and then $410 a month for the next 30 months.
Turtle Motors next door does not offer free credit but will give
you $1,200 off the list price.a.If the rate of interest is 0.75% a
month, calculate the present value of the payments to Kangaroo
Autos.(Do not round intermediate calculations. Round
your answer to 2 decimal places.)

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