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1. Good Deal Credit Union is offering a $20,000 4-year loan with and APR of 5% based on your FICO credit score of 790. How

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1. Good Deal Credit Union is offering a $20,000 4-year loan with and APR of 5% based on your FICO credit score of 790. How much would your monthly payment be? Please fill in the boxes below: PV FV Rate Period Payment 2. What will you pay in total interest over the life of the loan? (Based on the answer above, round to the nearest cent to calculate this answer) Monthly $ Total RepaidAmtTotal Interest (monthly Borrowed paymt x 48) 3. How much more would you have to pay a month if a few missed payments on your credit card moved your FICO score 200 points lower which raised your rate to 10%? PV FVRate Period Payment

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