Harper is considering the purchase of a $10758 used car and is trying to decide between a 48 -month and a -month car loan. If the loan is for $10758 at 7 percent, what is the difference in the monthly payments? The monthly payment for the 48-month car loan is $ onthly Installment Loan Tables ($1,000 loan with interest payments compounded monthly) Loan Maturity (in months) Interest 6 12 18 24 30 36 48 60 72 4.00% 168.62 85.15 57.33 43.42 35.08 29.52 22.58 18.42 15.65 4.25% 168.74 85.26 57.44 43.54 35.19 29.64 22.69 18.53 15.76 4.50% 168.86 85.38 57.56 43.65 35.31 29.75 22.80 18.64 15.87 4.75% 168.98 85.49 57.67 43.76 35.42 29.86 22.92 18.76 15.99 5.00% 169.11 85.61 57.78 43.87 35.53 29.97 23.03 18.87 16.10 5.25% 169.23 85.72 57.89 43.98 35.64 30.08 23.14 18.99 16.22 5.50% 169.35 85.84 58.01 44.10 35.75 30.20 23.26 19.10 16.34 5.75% 169.47 85.95 58.12 44.21 35.87 30.31 23.37 19.22 16.46 6.00% 169.60 86.07 58.23 44.32 35.98 30.42 23.49 19.33 16.57 6.25% 169.72 86.18 58.34 44.43 36.09 30.54 23.60 19.45 16.69 6.50% 169.84 86.30 58.46 44.55 36.20 30.65 23.71 19.57 16.81 6.75% 169.96 86.41 58.57 44.66 36.32 30.76 23.83 19.68 16.93 7.00% 170.09 86.53 58.68 44.77 36.43 30.88 23.95 19.80 17.05 7.25% 170.21 86.64 58.80 44.89 36.55 30.99 24.06 19.92 17.17 7.50% 170.33 86.76 58.91 45.00 36.66 31.11 24.18 20.04 17.29 7.75% 170.45 86.87 59.03 45.11 36.77 31.22 24.30 20.16 17.41 8.00% 170.58 86.99 59.14 45.23 36.89 31.34 24.41 20.28 17.53 8.25% 170.70 87.10 59.25 45.34 37.00 31.45 24.53 20.40 17.66 8.50% 170.82 87.22 59.37 45.46 37.12 31.57 24.65 20.52 17.78 8.75% 170.95 87.34 59.48 45.57 37.23 31.68 24.77 20.64 17.90 9.00% 171.07 87.45 59.60 45.68 37.35 31.80 24.89 20.76 18.03 9.25% 171.19 87.57 59.71 45.80 37.46 31.92 25.00 20.88 18.15 9.50% 171.32 87.68 59.83 45.91 37.58 32.03 25.12 21.00 18.27 9.75% 171.44 87.80 59.94 46.03 37.70 32.15 25.24 21.12 18.40 10.00% 171.56 87.92 60.06 46.14 37.81 32.27 25.36 21.25 18.53 10.25% 171.68 88.03 60.17 46.26 37.93 32.38 25.48 21.37 18.65 10.50% 171.81 88.15 60.29 46.38 38.04 32.50 25.60 21.49 18.78 10.75% 171.93 88.27 60.40 46.49 38.16 32.62 25.72 21.62 18.91 11.00% 172.05 88.38 60.52 46.61 38.28 32.74 25.85 21.74 19.03