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Luisa borrowed to buy a piano, paying $162 at the end of each month for 4 years. The bank charges interest on the loan at

Luisa borrowed to buy a piano, paying $162 at the end of each month for 4 years. The bank charges interest on the loan at 8.72% compounded monthly.

(a) What was the cash price of the piano; and how much is the cost of financing?

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

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