96 12.19 12.31 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 12.42 12.54 12.66 Monthly Installment Loan Tables ($1,000 loan ith interest payments compounded monthly) 6 12 18 24 30 36 48 60 72 84 168.62 85.15 57.33 43.42 35.08 29.52 22.58 18.42 15.65 13.67 168.74 85.26 57.44 43.54 35.19 29.64 22.69 18.53 15.76 13.78 168.86 85.38 57.56 43.65 35.31 29.75 22.80 18.64 15.87 13.90 168.98 85.49 57.67 43.76 35.42 29.86 22.92 18.76 15.99 14.02 169.11 85.61 57.78 43.87 35.53 29.97 23.03 18.87 16.10 14.13 169.23 85.72 57.89 43.98 35.64 30.08 23.14 18.99 16.22 14.25 169.35 85.84 58.01 44.10 35.75 30.20 23.26 19.10 16.34 14.37 169.47 85.95 58.12 44.21 35.87 30.31 23.37 19.22 16.46 14.49 169.60 86.07 58.23 44.32 35.98 30.42 23.49 19.33 16.57 14.61 169.72 86.18 58.34 44.43 36.09 30.54 23.60 19.45 16.69 14.73 169.84 86.30 58.46 44.55 36.20 30.65 23.71 19.57 16.81 14.85 169.96 86.41 58.57 44.66 36.32 30.76 23.83 19.68 16.93 14.97 170.09 86.53 58.68 44.77 36.43 30.88 23.95 19.80 17.05 15.09 170.21 86.64 58.80 44.89 36.55 30.99 24.06 19.92 17.17 15.22 170.33 86.76 58.91 45.00 36.66 31.11 24.18 20.04 17.29 15.34 170.45 86.87 59.03 45.11 36.77 31.22 24.30 20.16 17.41 15.46 170.58 86.99 59.14 45.23 36.89 31.34 24.41 20.28 17.53 15.59 170.70 87.10 59.25 45.34 37.00 31.45 24.53 20.40 17.66 15.71 6.25% 6.50% 6.75% 7.00% 7.25% 7.50% 7.75% 8.00% 8.25% 12.78 12.90 13.02 13.14 13.26 13.39 13.51 13.63 13.76 13.88 14.01 14.14 14.26 Compute the monthly payments for a vehicle that costs $15,000 if you financed the entire purchase over four years at an annual interest rate of 6 percent. Also calculate the loan payments assuming rates of 5 percent and 7 percent. Compare the total amount spent on the vehicle under each assumption. Click on the table icon to view the MILPF table B The monthly payments for a vehicle that costs $15,000 if you financed the entire purchase over four years at an annual interest rate of 6 percent is $. (Round to the nearest cent.)