HW Score: 94.29% 132 of 14 pts adebook Bus Econ 6.1.19 Question Help apter Contents Kim is shopping for a car. She will finance 50.000 through a lender. The table to the right shows the monthly payments per thousand dollars borrowed at various APRs and terms. Use the table to answer parts (a) through (c) below. ext Itimedia Librai Term. trin years) APR. 4 5 G 7 8 0.05 $23.03 $18.87 $16.10 $14.13 $12.66 0056 $23.26 $19.10 $16.34 $1437 $12.90 005 5234951930516.571514 51 513 14 0065 $22.71 $19.57 $16.81 $14 85/51339 0.07 523 95519 BO $1705 $15.00 $13.83 0.075524.18 $20.00 517295134513.88 rchase Options $ 116.10 urse Tools (c) Assume that Kim makes the minimum payment each month for the entire form of the loan Calculate her total payments for an APR of 6% for a 4-yr term from part (a) and for an APR of 5.5% for an 8-yr form from part (b). Which option costs kim loss overall? For the option described in part (a), her total payments are X . " vo S . (u) More Enter your answer in the answer box and then click Check Answer 2 parts remaining Clear All Check Answer Type here to search O RI 4:02 PM 7/28/2020 DELL FO F10 F42 F2 F5 Floor $ A @ & % 5 9 8 7 4 3 6