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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%

Monthly Payment
By table $
By formula $

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