Carmella purchased a refrigerator under a conditional sale contract that required 24 monthly payments of $63.26 with the first payment due on the purchase date. The interest rate on the outstanding...

Carmella purchased a refrigerator under a conditional sale contract that required 24 monthly payments of $63.26 with the first payment due on the purchase date. The interest rate on the outstanding balance was 14% compounded monthly.

a) What was the purchase price of the refrigerator? Do not round intermediate calculations and round your final answers to 2 decimal places.

b) How much interest did Carmella pay during entire contract? Do not round intermediate calculations and round your final answer to 2 decimal places.