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Please help answer both parts of the problem. Part 1. Tomasz purchased a new heating and air-conditioning system for his home and financed $6,700 at
Please help answer both parts of the problem.
Part 1. Tomasz purchased a new heating and air-conditioning system for his home and financed $6,700 at an annual interest rate of 4.2% compounded monthly for 3 years. What are Tomasz's monthly payments (in dollars)? (Round your answer to the nearest cent.)
Part 2. Tomas purchased a new heating and air-conditioning system for his home and financed $9,100 at an annual interest rate of 2.2% compounded monthly for 3 years. How much interest (in dollars) will Tomasz pay over the term of the loan? (Round your answer to the nearest cent.)
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