Determine the monthly payment for the installment loan. Amount Annual Percentage Number of Payments per Time in Financed (P) Rate (r) Year (n) Years (t) $850 7.5% 12 3 Click the icon to view the partial APR table. The monthly payment is $ (Round to the nearest cent as needed.) nance Rates Annual Percentage Rate Table for Monthly Payment Plans Annual Percentage Rate Number of 4.0% 4.5 % 5.0 % 5.5 % 6.0% 6.5 % 7.0% 7.5% 8.0 % 8.5 % 9.0% 9.5 % 10.0% payments (Finance charge per $100 of amount financed) 6 1.17 1.32 1.46 1.61 12 2.18 2.45 2.73 3.00 18 3.20 3.60 4.00 4.41 4.82 24 4.22 4.75 5.29 5.83 6.37 6.91 1.76 1.90 2.05 3.28 3.56 3.83 5.22 5.63 7.45 30 5.25 5.92 6.59 7.26 7.94 8.61 36 6.29 7.09 7.90 8.71 9.30 10.34 11.16 48 48 8.38 9.46 10.54 11.63 60 10.50 11.86 9.52 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 21.74 13.23 14.61 16.00 17.40 18.81 20.23 21.66 23.10 24.55 26.01 27.48 2.20 2.351 2.49 2.64 2.79 2.93 4.11 4.39 4.66 4.94 5.22 5.50 6.04 6.45 6.86 7.28 7.69 8.10 8.00 8.54 9.09 9.64 10.19 10.75 9.98 10.66 11.35 12.04 12.74 13.43 11.98 12.81 13.64 14.48 15.32 16.16 Print Done - X Check answ