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8. [-/5 Points] DETAILS CUSTOMCRAUDQL3 4.2.035, 0/1 Submissions Used MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER This exercise is designed to be solved using technology

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8. [-/5 Points] DETAILS CUSTOMCRAUDQL3 4.2.035, 0/1 Submissions Used MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER This exercise is designed to be solved using technology such as calculators or computer spreadsheets. You borrow $14,000 with a term of four years at an APR of 7%. Make an amortization table. How much equity have you built up halfway through the term? (Round your answer to two decimal places.) $ DETAILS 9. [-/5 Points) CUSTOMCRAUDQL3 4.1.014, 0/1 Submissions Used MY NOTES PRACTICE ANOTHER ASK YOUR TEACHER Find the Apy for an account that pays an APR of 12% if interest is compounded monthly. (Round your answer as a percentage to two decimal places.) 9

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