19) 19) Kevin bought a new car for $22,000. He made a down payment of $10,000 and hly payments of $295.78 for 4 years. He is able to pay off his loan at Head of 30 months. Determine the total installment price and the finance me. Once the APR is determined, use the actuarial method to find the incarned interest and payoff amount. (Hint: to compute the payoff consider how many months have been paid by the end of 36 months.) Annual Percentage Rate 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% Number of (Finance charge per $100 of amount financed) Payments 6 S1.76 $1.90 $2.05 S2.20 $2.35 $2.49 $2.64 $2.79 $2.94 $3.08 $3.23 12 3.28 3.56 3.83 4.11 4.39 4.66 4.94 5.22 5.50 5.78 6.06 18 4.82 5.22 5.63 6.04 6.45 6.86 7.28 7.69 8.10 8.93 24 6.37 6.91 7.45 8.00 8.54 9.09 9.64 10.19 10.75 11.30 11.86 30 7.94 8.61 9.30 9.98 10.66 11.35 12.04 12.74 13.43 14.13 14.83 36 9.52 10.34 11.16 11.98 12.81 13.64 14.48 15.32 16.16 17.01 17.86 48 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 21.74 22.90 24.06 60 16.00 17.40 18.81 20.23 21.66 23.10 24.55 26.01 27.48 28.96 30.45 8.52 19) 19) Kevin bought a new car for $22,000. He made a down payment of $10,000 and hly payments of $295.78 for 4 years. He is able to pay off his loan at Head of 30 months. Determine the total installment price and the finance me. Once the APR is determined, use the actuarial method to find the incarned interest and payoff amount. (Hint: to compute the payoff consider how many months have been paid by the end of 36 months.) Annual Percentage Rate 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% Number of (Finance charge per $100 of amount financed) Payments 6 S1.76 $1.90 $2.05 S2.20 $2.35 $2.49 $2.64 $2.79 $2.94 $3.08 $3.23 12 3.28 3.56 3.83 4.11 4.39 4.66 4.94 5.22 5.50 5.78 6.06 18 4.82 5.22 5.63 6.04 6.45 6.86 7.28 7.69 8.10 8.93 24 6.37 6.91 7.45 8.00 8.54 9.09 9.64 10.19 10.75 11.30 11.86 30 7.94 8.61 9.30 9.98 10.66 11.35 12.04 12.74 13.43 14.13 14.83 36 9.52 10.34 11.16 11.98 12.81 13.64 14.48 15.32 16.16 17.01 17.86 48 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 21.74 22.90 24.06 60 16.00 17.40 18.81 20.23 21.66 23.10 24.55 26.01 27.48 28.96 30.45 8.52