Luisa borrowed to buy a piano, paying $167 at the end of each month for...
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Luisa borrowed to buy a piano, paying $167 at the end of each month for 6 years. The bank charges interest on the loan at 8.98% compounded monthly (a) What was the cash price of the piano? (b) How much is the cost of financing? (a) The cash price of the piano is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The cost of financing is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) ENS Enter your answer in each of the answer boxes. i Type here to search
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