Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.) (Use 15.5% for table lookup.) (Use the loan amortization table) (Round your answers to the nearest cent.)

TABLE 14.2 Loan amortization table (monthly payment per $1,000 to pay principal and interest on installment loan) Terms in months 10.00% 10.50% 11.00% 12.00% 7.50% $170.34 86.76 8% $170.58 86.99 $171.56 $171.81 88.15 58.92 59.15 60.29 8.50% $170.83 87.22 59.37 45.46 37.12 31.57 27.62 24.65 22.36 20.52 87.92 60.06 46.14 37.81 9% $171.20 87.46 59.60 45.69 37.35 31.80 27.85 24.77 22.59 20.76 11.50% $172.30 88.62 60.75 46.84 38.51 32.98 29.03 46.38 38.04 45.00 36.66 31.11 27.15 24.18 21.88 20.04 $172.05 88.38 60.52 46.61 38.28 32.74 28.79 25.85 45.23 36.89 31.34 27.38 24.42 22.12 20.28 32.27 $172.55 88.85 60.98 47.07 38.75 33.21 29.28 26.33 24.06 22.24 32.50 28.55 28.32 25.36 25.60 26.09 23.07 23.56 23.32 21.49 23.81 21.99 21.25 21.74 TABLE 14.2 (concluded) Terms in months 12.50% 13.00% 13.50% 14.00% 14.50% 15.00% 15.50% 16.00% $173.29 89.55 $172.80 89.08 61.21 47.31 $174.03 90.26 62.38 48.49 $174.28 90.49 62.62 $173.04 89.32 61.45 47.54 39.22 33.69 29.76 61.68 47.78 48.72 38.98 40.18 $173.54 89.79 61.92 48.01 39.70 34.18 30.25 27.33 25.06 23.27 $173.79 90.02 62.15 48.25 39.94 34.42 30.50 27.58 25.32 39.46 33.94 30.01 27.08 24.81 23.01 33.45 29.52 26.58 24.31 22.50 $174.53 90.73 62.86 48.96 40.66 35.16 31.25 28.34 26.10 24.32 40.42 34.91 31.00 28.08 25.84 34.67 30.75 27.83 25.58 23.79 26.83 24.56 22.75 23,53 24.05 Purchase price of a used car $4,435 Down payment $95 Number of monthly payments 60 Amount financed $4,340 Total of monthly payments $6,184.00 Total finance charge $1,844.00 APR 15.5% Monthly Payment $ By table By formula CA