Please answer all the questions

1.

The local credit union offers a 48-month installment loan with an APR of 15.5% on used cars. Tracy would like to use the loan to finance a used truck costing $15,500. Use the APR tables to calculate her finance charge.

Group of answer choices

$8,335.55

$5,935.55

$,5536.55

$5,395.55

2. The Illinois State bank offers a 36-month installment loan with an APR of 10.5%. Caleb would like to use the loan to finance a new hot tub for $4,800. Use the APR tables to calculate his monthly payment.

Group of answer choices

$156.01

$816.48

$651.01

$165.01

3. What is the rebate fraction of a 24 month loan paid off after the 15^th payment?

Group of answer choices

300/45

30/300

50/300

45/300

4. Monica financed a dining room set for $6,800 by taking out an installment loan for 36 months. The payments were $256.89 per month and the total finance charge was $2,448. After 30 months, Michelle decided to pay off the loan. After calculating the finance charge rebate, find the loan payoff amount. (Hint use sum of the digits and rebate fraction for this problem).

Group of answer choices

$1,464.23

$1,523.67

$77.11

$1,397.87

5. Susan financed a $1,500 T.V. with an installment loan for 12 months. The payments were $145 per month, and the total finance charges were $240. After 8 months, she decided to pay off the loan. After calculating the finance charge rebate, find the loan payoff amount. (Hint use sum of the digits and rebate fraction for this problem).

Group of answer choices

$549.23

$523.94

$594.23

$500,00