1. You buy new appliances for your kitchen costing $8,000. You put down $1,000 and finance the rest. The store is offering a 36 months installment plan, bringing your monthly payments to $230. Whats the amount financed? Finance charge? Deferred payment price? Using Table 14.1, Whats the APR? 2. Using your answer from question 1 (finance charge), You buy new appliances for your kitchen costing $8,000. You put down $1,000 and finance the rest at 12% interest for 48 months. How much is your monthly payment? 3. You start January with $14,000 credit card balance at annual interest rate of 18%. You make monthly payment of $560. What is the interest payment, reduction in balance, and outstanding balance due for the next three months?