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Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.). (Use 13% for
Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.). (Use 13% for table lookup.). (Use the loan amortization table) (Round your answers to the nearest cent.)
Purchase price of a used car | Down payment | Number of monthly payments | Amount financed | Total of monthly payments | Total finance charge | APR | ||||||||
$5,673 | $1,223 | 48 | $4,450 | $5,729.76 | $1,279.76 | 13% | ||||||||
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