(18 pts) 4.) Annual Percentage Rate (APR) for Monthly Payment Loans Number of monthly loans (6) Annual Percentage Rate (APR) 6.0% 6.5% 7.096 7.5% BLOX 8.5% 9.09% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% 12.5% 13.0% Finance charge per $100 of amount financed) (h) 6 1.76 1.90 2.05 2120 2.35 2.49 2.64 2.79 2.94 3.08 3.23 3.38 3.53 3.68 3.83 12 3.28 3.56 3.83 4.11 4.39 4.66 4.94 5.22 5.50 5.78 6.06 6.34 6.62 6.90 7.18 18 4.82 5.22 5.63 6.04 6.45 6.86 7.28 7.69 8.10 8.52 8.93 9.35 9.77 10.19 10.61 24 6.37 6.91 7:45 8.00 8.54 9.09 9.64 10.19 10.75 11.30 11.86 12.42 12.98 13.54 14.10 30 7.94 8.61 9.30 9.98 10.66 11.35 12.04 12.74 13.43 14.13 14.83 15.54 16.24 16.95 17.66 36 9.52 10.34 11.16 11.98 12.81 13.64 14.48 15.32 16.16 17.01 17.86 18.71 19.57 20.43 21:30 48 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 21.74 22.90 24.06 25.23 26.40 27.58 28.27 60 16.00 17.40 18.81 20.23 34.99 21.66 23.10 24.55 26.01 27.48 28.96 30.45 31.96 33.47 36.52 Samira took out a loan to add a deck to her house. She decides to pay the loan back in full before its due date. If she's paying $175.20 monthly at 9.5% APR and still has 18 remaining scheduled payments after the payoff, find each of the following: (a) Obtain the value of h from the table above. (b) Use the actuarial method to find the amount of unearned interest. u = kR (100+) where k is the number of remaining payments and R is the monthly payment. h (c) Find the payoff amount. Payoff amount = (k + 1)R- u