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 $5,573 Down payment $1,173 Number of monthly payments 48 Amount financed $4,400 Total of monthly payments $5,629.76 Total finan charge $1,229.76 Monthly Payment $ 118.05 By table By formula and formula. (Answers will not be exact due to for table lookup.). (Use the loan amortization table) Amount financed $4,400 Total of monthly payments $5,629.76 Total finance charge $1,229.76 APR 13% Prev 2 of 10 Next > TABLE 14.2 Loan amortization table (monthly payment per $1,000 to pay principal and interest on installment loan) Terms in months 7.50% 8.50% 9% 8% 10.00% 11.50% 10.50% 12.00% 11.00% 6 $172.55 $170.34 $170.58 $170.83 $172.30 $171.20 $171.56 $172.05 88.38 12 86.76 88.62 86.99 87.46 88.85 $171.81 88.15 60.29 87.22 87.92 18 58.92 59.15 59.37 59.60 60.98 60.06 60.52 60.75 24 45.00 45.23 45.46 46.14 47.07 46.38 46.61 46.84 45.69 37.35 30 36,66 36.89 37.12. 37.81 38.28 38.51 38.75 31.11 36 31.34 31.57 31.80 32.27 32.74 32.98 33.21 38.04 32.50 28.55 25.60 42 27.15 27.38 27.85 28.32 28.79 29.03 29.28 27.62 24.65 48 24.18 24.42 24.77 25.36 25.85 26.09 26.33 54 21.88 22.12 22.36 22.59 23.07 23.32 23.56 23.81 24.06 60 20.04 20.28 20.52 20.76 21.25 21.49 21.74 21.99 22.24