Figure 8.1. Use this table with the question(s) below, as needed. MONTHLY PAYMENT ON A $100 LOAN Term in Annual Percentage Rate Months 8.00% 10.00% 12.00% 14.00% 6 17.06 17.16 17.25 17.35 12 8.70 8.79 8.88 8.98 18 5.91 6.01 6.10 6.19 24 4.52 4.61 4.71 4.80 30 3.69 3.78 3.87 3.97 36 3.13 3.23 3.32 3.42 42 2.74 2.83 2.93 3.03 48 2.44 2.54 2.63 2.73 22. Use Figure 8.1. Katie Cole purchased a mountain bike with an installment loan that has an APR of 14%. The mountain bike sells for $762. The store financing requires a 15% down payment and 24 monthly payments. What is the finance charge? a. $91.05 c. $98.46 b. $95.50 d. $99.00 23. Linda Griffith is planning to buy rental property. She finds a home priced at $92,000. What is the amount of Griffith's mortgage loan if a down payment of 10% is required? a. $81,800 c. $82,500 b. $81,900 d. $82,800 3