18. 19. 15 Unit 13.3 Loan payments 16. You are thinking about buying a hot tub priced at $24,999. Your bank will loan you $20,500 at 7.7% for 5 years. Determine your monthly payment. 30 20. 21. 15 17. Refer to Problem 16. What is the total amount of interest you will pay over the 5 years? 18. If you purchase an iPod for $1,900 and the store finances the entire amount over 36 months at a monthly rate of 1.45%, what is your monthly payment? 30 22