Monthly Payments and Finance Charges. Kimberly Jensen of Storm Lake, lowa, 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 $4,800, with no down payment required. Using Table 7-2 or the Garman/Forgue companion website, make the following calculations: What is the amount of the monthly payment if she borrowed for four years? 0 $98.17 O $186.32 O $106.03 O $245.98