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Luisa borrowed to buy a piano, paying $151 at the end of each month for 5 years. The bank charges interest on the loan at

Luisa borrowed to buy a piano, paying $151 at the end of each month for 5 years. The bank charges interest on the loan at 6.34% compounded monthly. (a) What was the cash price of the piano? (b) How much is the cost of financing? Question content area bottom Part 1 (a) The cash price of the piano is $ enter your response here. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Part 2 (b) The cost of financing is $ enter your response here. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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