Evan purchased a car by making a down payment of $5,000 and weekly payments of $275 at the end of every week for 7 years. If interest was 2.35% compounded weekly, what was the purchase price of the car? What was the cost of financing? Round all answers to two decimal places if necessary. Enter only positive values for the "Purchase Price of the Car", and "Cost of Financing".
N = ___
I/Y = 2.35%
P/Y = ___
C/Y = ___
PV = $ ___
PMT = $275
FV = $_____
Purchase Price of the Car = $___
(enter a positive value)
Cost of Financing = $___
(enter a positive value)
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