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Kim wants to pay off her student loan in the next 4 years. She currently pays $195 at 12% annual interest with a balance of $10,000. How much more will she have to pay monthly to reach her goal? (Use Table 1.4) TABLE 1.4 Monthly Payments Necessary to Pay Off Specific Debt Amounts Monthly Payments Necessary to Pay Off Debt in the Amount of: Months to Pay Interest Rate $1,000 $2,500 $5,000 $10,000 12 12% 509 5444 451 28% 454 21% 466 12% 235 19% IPS 21% 12% 196 LPN 21% 12% Submit Answer 24 X 72 100 NOT 30% 21% 334 189 21% 12% 199 Save for Later NOT 21% About $55 About $100 About $68. About $26 = 28226932 REX XR RRR 90 12 16 47 48 50 51 33 35 VE 26 28 29 31 22 24 25 27 20 21 23 25 CHUB ROSKUR 28 EGBE SURE 226 229 233 118 121 125 128 83 20 90 16 " 17 242 250 CEREA BAAEAAR ist 106 173 181 100 112 GET 147 111 119 127 SET 106 www 114 903 917 931 485 514 347 245 If the Consumer Price Index (CPI) increases 5 percent in one year, the average cost of goods and services in the United States increased 2.5 percent. O increased 5 percent. decreased 5 percent. was stable. Submit Answ Save for Later