Mrs. Murray is buying a new refrigerator for $1999 at Sears. There is 8.25% sales tax added to her purchase. She plans to charge this to her Sears credit card, which earns 18.9% APR. She wants to pay $200 per month to the credit card. Fill in the amortization table to calculate how long it will take to pay off the loan. Month Balance Interest Amt. Applied to New Balance Principal 1 $1998.00 2 $1998.00 $31.47 $1829.47 3 $1829.47 $171.19 4 $26.11 $1484.39 8 $946.14 $14.90 1307.78 $761.04 15 $188.08 $2.96 $0 QUESTION 2 Mr. and Mrs. Fuller are buying a new house for $350,000. Compare the two loan offers by finding the monthly payments for each and calculating the total amount paid for each. Loan Options Down Payment Monthly Payment Total 10% down payment, 5.5% APR for 30 years 15% down payment, 4.5% APR for 25 years QUESTION 3 Anne would like to purchase a new car for $45,000. How much will his monthly payments be if he took out a 5-year loan at 6% interest? $869.98 $688.79 $768.92 $858.32