Ramon Hernandez saw the following advertisement for a used Volkswagen Bug and decided to work out the numbers to be sure the ad had no errors. Cash price $7,740 Down payment $0 Annual percentage rate 15.03% Deferred price $11,076.60 or 60 payments at $184.61 per month a. Calculate the amount financed. Amount financed b. Calculate the finance charge. (Round your answer to the nearest cent.) Finance change c. Calculate the APR by table lookup. (Use Table 14.1(a) and Table 14.1(b)) (Round your answers to 2 decimal places.) APR between % and % d. Calculate the monthly payment by formula. (Round your answer to the nearest cent.) Monthly payment by formula e. Calculate the monthly payment by table lookup at 15.00% (Use Table 14.2) (Round your answer to the nearest cent.) Monthly payment by table lookup TABLE 14.2 Loan amortization table (monthly payment per $1,000 to pay principal and interest on installment loan) Terms In months 7.50% $170.34 8.00% 8.50% 9.00% 10.00% 10.50% 11.00% 11.50% 12.00% $170.58 $170.83 $171.20 $171.56 $171.81 $172.05 $172.30 $172.55 12 18 24 30 28238 86.76 86.99 87.22 87.46 87.92 88.15 88.38 88.62 88.85 58.92 59.15 59.37 59.60 60.06 60 29 60.52 60.75 60.98 45.00 45.23 45.46 45,69 46.14 46.38 46.61 46.84 47.07 36.66 36.89 37.12 37.35 3781 38.04 38.28 38.51 38.75 36 31.11 31,34 31.57 31.80 32.27 32.50 32.74 32.98 33.21 42 27.15 27.38 27.62 27.85 28.32 28.55 28.79 29.03 29.28 48 24.18 24.42 24.65 24.77 25.36 25.60 25.85 26.09 26.33 54 21.88 22.12 22.36 22.59 23.07 23.32 23.56 22.81 24.06 60 20.04 20.28 20.52 20.76 21.25 21.49 21.74 21.99 22.24 TABLE 14.2 (concluded) Terms In months 12.50% 13.00% 13.50% 14.00% 14.50% 15.00% 15.50% 16.00% 6 $172.80 $173.04 $173.29 $173.54 517379 $174.03 $174.28 $174.53 12 89.08 89.32 89.55 89.79 9002 9026 9049 90.73 18 6121 61.45 61.68 61.92 62.15 62.38 62.62 62.86 24 47.31 47.54 47.78 48.01 48.25 48 49 4872 48.96 30 38.98 39.22 39.46 39.70 39.94 40.18 4042 40.66 36 33.45 33.09 3304 34.18 34.42 34.67 34.91 35.16 42 29.52 2976 3001 30.25 3050 3075 31.00 31.25 48 26.58 26.83 27.08 2733 27.58 27.83 28.08 28.34 54 24.31 2456 2481 25.06 25.32 25.5 2584 26.10 60 22.50 22.75 2301 23.27 2353 23.79 24.05 2432