Lupe Made a Down Payment of $1,500 Toward the Purchase

Short Answer

Lupe made a down payment of $1,500 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 12%/year compounded monthly. Under the terms of her finance agreement, she is required to make payments of $240/month for 48 mo. What is the cash price of the car? Round your answer to the nearest cent.
$ __________