Wherever necessary. 10. Refer to the table to find the monthly payments necessary to complete parts a -C.
Table of Monthly Payments per $1,000 of Principal
Rale
1 yr
2 yr
3 yr
4 yr
5 ут
10 yr
6.50%
86.30
44.55
30.65
23.71
19.57
11.35
6.75%
86.41
44.66
30.76
23.83
19.68
11.48
7.00%
86.53
44.77
a. What is the monthly payment for a
$3,200 five-year loan with an APR of
9%?
b. Mia borrows$66,000 for four years at
an APR of 7.25%. What is the monthly
payment?
C. What is the total amount of the
monthly payments for a $6,100, two-
year loan with an APR of 8.75%?
Round to the nearest dollar.
30.88
23.95
19.80
11.61
7.25%
86.64
44.89
30.99
24.06
19.92
11.74
7.50% 86.76
45.00
31.11
24.18
20.04
11.87
7.75%
86.87
45.11
31.22
24.30
20.16
12.00
8.00%
86.99
45.23
31 34
24.41
20.28
12.13
8.25%
87.10
45.34
31.45
24.53
20.40
12.27
8.50%
87.22
45.46
31.57
24.65
20.52
12 40
8.75%
87 34
45.57
31.68
24.77
20.64
12 53
9.00%
87.45
45.68
31.80
24.89
20.76
12.67