EVALUATE Independent Practice Lesson 8.4 Homework HW Complete problems 1-1 below fie independent practice When you are finished, check the solutions with your teacher, Determine the missing amounts in the following table. 1. Purpose Loan Balance Interest Rate Monthly Amount Amount New Payment for Interest for Principal Principal Stereo System $1,200 12% $106.56 $12.00 $54.56 Riding Mower 3,460 10% 207.95 b. c Pool Cabana 7200 9% 329.04 b c Complete the repayment schedule for a $2,400 loan at 12% for 12 months Repayment Schedule for a $2.400 Loan at 12% for 12 Month Payment Monthly Number Payment Amount for Interest Amount New for Principal Principal 1 $213.12 $24.00 5185:12 $2.210.M 2 213.12 2231 15101 2019.87 3 213.12 20.30 15252 1826.95 4 213.12 18.27 THIS 1.632.10 S 213.12 16.32 19680 1,435.30 6 213.32 1435 19677 A 7 213.12 12.37 A b " 213.12 9. 213.12 10 213.12 11 21332 14447 b C b C c b c 12 L C 2 lifelong Personal Finance B Credit 2 LEP