Do the Math $7-2$

Monthly Payments and Finance Charges

a$.$ What is the amount of the monthly payment if she borrowed for four years? Round your answer to the nearest cent.

$ $$

b$.$ What are the total finance charges over that four$-$year period? Round your answer to the nearest dollar.

$ $$

c$.$ How would the payment change if Kimberly reduced the loan term to three years? Round your answer to the nearest cent.

$A(n)$ of $ $$ compared to the $4-$year loan.

d$.$ What are the total finance charges over that three$-$year period? Round your answer to the nearest dollar.

$ $$

e$.$ How would the payment change if she could afford a down payment of $$300$ with four years of financing? Round your answer to the nearest cent.

$A(n)$ of $ $$ compared to the $$4,500,4-$year loan.

f$.$ What are the total finance charges over that four$-$year period given the $$300$ down payment? Round your answer to the nearest dollar.

$

Solve the whole problem