Tokala bought a car for $48,000 by making a downpayment of $12,000 and biweekly (every two weeks) payments at the end of every two weeks for 7 years. Interest is 1.12% compounded annually. 1. What are the biweekly (every two weeks) payments, rounded to the nearest cent? what is P/Y, C/Y, N, I/Y , PV , PMT , FV 2. What is the cost of financing? Cost of Financing = $ (enter a positive value, rounded to the nearest cent)