Wayne borrowed money to purchase his son's hockey equipment. He made month-end loan payments of

$57

for two years on a loan that charges interest at

8.3%

compounded monthly. Roberto also borrowed money to purchase his daughter's hockey equipment. He made loan payments of

$158

at the end of each quarter for two years on a loan that charges interest at

7.7%

compounded quarterly. What was the cash price of each of the sets of hockey equipment, and which parent paid less?

Question content area bottom

Part 1

The cash price for Wayne's son's hockey equipment 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

The cash price for Roberto's daughter's hockey equipment 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 3

Therefore,

Roberto

Wayne

pays less.