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Before purchasing a used car. Cody Lind checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he

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Before purchasing a used car. Cody Lind checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he conducted a carfax.com search on the car he found to see if the car had ever been in an accident. The Carfox was clean so he purchased the used car for $14,600. He put $1,400 down and financed the rest with a 36-month, 80% loan What is his monthly car payment by table lookup? (Use Table 14.2) (Do not round Intermediate calculations, Round your answer to the nearest cent.) Monthly payment Terms in months 9.00% 8.50% $17083 11.00% $17205 12.00% $172.55 12 11.50% $17230 88.62 60.75 18 88.85 60.98 8.00% $170.58 86.99 59.15 4523 36.89 31.34 2738 2442 10.00% $17156 8792 60.06 46.14 37 81 32:27 88.38 60.52 46.61 7.50% $170.34 86.76 58.92 4500 36 66 31.11 27.15 24.18 2188 2004 10.50% $171.81 88.15 60 29 46 38 38.04 32.50 24 87:22 59 37 45.46 37.12 31.57 2752 2465 2236 2052 30 36 42 $171.20 87.46 59.60 45.69 37 35 31.80 27.85 24.77 22.59 20.76 38.28 32.74 46.84 38.51 32.98 29.03 26.00 47.07 38.75 33.21 28.32 28.55 29.79 29.28 26.33 48 54 25 36 23.07 2125 22.12 25.60 23 32 21.49 25.85 2356 23.81 21.99 24.06 22.24 GD 20.28 21.74 TABLE 14.2 concluded Terms in months 5 52 14,50 5173.79 16.00 $174.53 12.50 517280 3903 5121 13.00% 517304 8932 6135 47 102 13.50 517329 - 99.95 6168 4779 394 3394 2001 14.00% $173 54 89.79 5192 4801 3970 24.18 902 628 15.00% $17403 9026 638 48 49 10.12 34 57 6215 4825 2904 15.50% $174.28 9049 6262 1487 4042 399 3100 24 489 30 36 47 3922 335 3345 3516 3050 30 31 297 29 245 25. 23 23 TE 250 53 245 25 25.10 2010

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