Monthly Payments and Finance Charges Kimberly Jensen of Storm Lake, Iowa, wants to buy some living room furniture for her new apartment. A local store offered credit at an APR of 16 percent, with a maximum term of four years. The furniture she wishes to purchase costs $4,900, with no down payment required. Using Table 72 or the Garman/Forgue companion website, make the following calculations (round all intermediate calculations to two decimal places): a. What is the amount of the monthly payment if she borrowed for four years? Round your answer to the nearest cent. \$ b. What are the total finance charges over that four-year period? Round your answer to the nearest dollar: $ c. How would the payment change if Kimberly reduced the loan term to three years? Pound your answer to the nearest cent. A(n) of $ compared to the 4-year loan. d. What are the total finance charges over that three-year period? Round your answer to the nearest dollar. 5 e. How would the payment change if she could afford a down payment of $600 with four years of financing? Round your answer to the nearest cent. A(n) of $ compared to the $4,900,4-vear loan. 1. What are the total finance charges over that four-year period given the $600 down payment? Round your answer to the nearest doliar. 5