Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced. Use this Monthly Payments for Short-Term Loans Rule of Thumb to estimate the monthly payment on a loan of $5000 borrowed over a two-year period. (Round your answer to the nearest cent.) The monthly payment is at least s eBook -/1 POINTS CRAUDQL3 4.2.012. Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced Use this Monthly Payments for Long-Term Loans Rule of Thumb to estimate the monthly payment on a loan of $250,000 at an APR of 6% over a period of 26 years. The monthly payment is at least s ellook -/2 POINTS CRAUDQL3 4.2.014. Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced. You borrow $16,000 with a term of four years at an APR of 5% to buy a truck. What is your monthly payment? (Round your answer to the nearest cent.) How much total interest is paid? (Round your answer to the nearest cent.) Hook -/2 POINTS CRAUDQL3 4.2.016. Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced. Several years ago Bill got a home mortgage of $112,000 with a term of 30 years at an APR of 9%. Use the Monthly Payments for Long-Term Loans Rule of Thumb to estimate his monthly payment. Compare this estimate with what the monthly payment formula gives. (Round your answer to the nearest integer.) The actual monthly payment is about $ greater than the estimated payment. Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced. Use this Monthly Payments for Short-Term Loans Rule of Thumb to estimate the monthly payment on a loan of $5000 borrowed over a two-year period. (Round your answer to the nearest cent.) The monthly payment is at least s eBook -/1 POINTS CRAUDQL3 4.2.012. Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced Use this Monthly Payments for Long-Term Loans Rule of Thumb to estimate the monthly payment on a loan of $250,000 at an APR of 6% over a period of 26 years. The monthly payment is at least s ellook -/2 POINTS CRAUDQL3 4.2.014. Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced. You borrow $16,000 with a term of four years at an APR of 5% to buy a truck. What is your monthly payment? (Round your answer to the nearest cent.) How much total interest is paid? (Round your answer to the nearest cent.) Hook -/2 POINTS CRAUDQL3 4.2.016. Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced. Several years ago Bill got a home mortgage of $112,000 with a term of 30 years at an APR of 9%. Use the Monthly Payments for Long-Term Loans Rule of Thumb to estimate his monthly payment. Compare this estimate with what the monthly payment formula gives. (Round your answer to the nearest integer.) The actual monthly payment is about $ greater than the estimated payment