Determine the monthly payment for the installment loan. Annual Number of Amount Percentage Financed (P) Rate (r) Payments per Time in Year (n) Years (t) 12 1 $950 4.5% FClick the icon to view the partial APR table. The monthly payment is $. (Round to the nearest cent as needed.) Finance Rates Number of payments 6 12 18 24 30 36 48 60 Annual Percentage Rate Table for Monthly Payment Plans Annual Percentage Rate 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% (Finance charge per $100 of amount financed) 1.17 1.32 1.46 1.61 1.76 1.90 2.05 2.20 2.35 2.49 2.64 2.79 2.93 2.18 2.45 2.73 3.00 3.28 3.56 3.83 4.11 4.39 4.66 4.94 5.22 5.50 3.20 3.60 4.00 4.41 4.82 5.22 5.63 6.04 6.45 6.86 7.28 7.69 8.10 4.22 4.75 5.29 5.83 6.37 6.91 7.45 8.00 8.54 9.09 9.64 10.19 10.75 5.25 5.92 6.59 7.26 7.94 8.61 9.30 9.98 10.66 11.35 12.04 12.74 13.43 6.29 7.09 7.90 8.71 9.52 10.34 11.16 11.98 12.81 13.64 14.48 15.32 16.16 8.38 9.46 10.54 11.63 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 21.74 10.50 11.86 13.23 14.61 16.00 17.40 18.81 20.23 21.66 23.10 24.55 26.01 27.48 Print Done - X