c) After making a down payment of GH¢4000 for an automobile, the municipality paid GH¢400 per month for 36 months with interest charged at 12% per year compounded monthly on the unpaid balance. (i)...

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Extracted text: c) After making a down payment of GH¢4000 for an automobile, the municipality paid GH¢400 per month for 36 months with interest charged at 12% per year compounded monthly on the unpaid balance. (i) What was the original cost of the car? (ii) What portion of the Municipality's total car payments went toward interest charges?