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The loan below was paid in full before its due date. (a) Obtain the value of h from the annual percentage rate table. Then (b)
The loan below was paid in full before its due date. (a) Obtain the value of h from the annual percentage rate table. Then (b) use the actuarial method to find the amount of unearned interest, and (c) find the payoff amount. Regular Monthly APR Remaining Number of Scheduled Payment Payments after Payoff $459.27 10.0% 24 i APR Table Click the icon to view the annual percentage rate table. x (a) h = $ (b) The unearned interest is $ (Round to the nearest cent as needed.) 4.0% 4.5% 5.0% 5.5% (c) The payoff amount is $ . (Round to the nearest cent as needed.) 1.32 Number of Monthly Payments (n) 6 12 18 24 30 36 48 1.17 2.18 3.20 4.22 5.25 6.29 8.38 10.50 2.45 3.60 4.75 5.92 7.09 9.46 11.86 1.46 2.73 4.00 5.29 6.59 7.90 10.54 13.23 1.61 3.00 4.41 5.83 7.29 8.71 11.63 14.61 Annual Percentage Rate (APR) for Monthly Payment Loans Annual Percentage Rate (APR) 6.0% 6.5% 7.0% | 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% Finance Charge per $100 of Amount Financed (h) 1.76 1.90 2.05 2.20 2.35 2.49 2.64 2.79 2.94 3.08 3.23 3.38 3.53 3.28 3.56 3.83 4.11 4.39 4.66 4.94 5.22 5.50 5.78 6.06 6.34 6.62 4.82 5.22 5.63 6.04 6.45 6.86 7.28 7.69 8.10 8.52 8.93 9.35 9.77 6.37 6.91 7.45 8.00 8.55 9.09 9.64 10.19 10.75 11.30 11.86 12.42 12.98 7.94 8.61 9.30 9.98 10.66 11.35 12.04 12.74 13.43 14.13 14.83 15.54 16.24 9.52 10.34 11.16 11.98 12.81 13.64 14.48 15.32 16.16 17.01 17.86 18.71 19.57 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 21.74 22.90 24.06 25.23 26.40 16.00 17.40 18.81 20.2321.66 23.10 24.55 26.01 27.48 28.96 30.45 31.96 33.47 60 Enter your answer in each of the answer boxes. Print Done The loan below was paid in full before its due date. (a) Obtain the value of h from the annual percentage rate table. Then (b) use the actuarial method to find the amount of unearned interest, and (c) find the payoff amount. Regular Monthly APR Remaining Number of Scheduled Payment Payments after Payoff $459.27 10.0% 24 i APR Table Click the icon to view the annual percentage rate table. x (a) h = $ (b) The unearned interest is $ (Round to the nearest cent as needed.) 4.0% 4.5% 5.0% 5.5% (c) The payoff amount is $ . (Round to the nearest cent as needed.) 1.32 Number of Monthly Payments (n) 6 12 18 24 30 36 48 1.17 2.18 3.20 4.22 5.25 6.29 8.38 10.50 2.45 3.60 4.75 5.92 7.09 9.46 11.86 1.46 2.73 4.00 5.29 6.59 7.90 10.54 13.23 1.61 3.00 4.41 5.83 7.29 8.71 11.63 14.61 Annual Percentage Rate (APR) for Monthly Payment Loans Annual Percentage Rate (APR) 6.0% 6.5% 7.0% | 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% Finance Charge per $100 of Amount Financed (h) 1.76 1.90 2.05 2.20 2.35 2.49 2.64 2.79 2.94 3.08 3.23 3.38 3.53 3.28 3.56 3.83 4.11 4.39 4.66 4.94 5.22 5.50 5.78 6.06 6.34 6.62 4.82 5.22 5.63 6.04 6.45 6.86 7.28 7.69 8.10 8.52 8.93 9.35 9.77 6.37 6.91 7.45 8.00 8.55 9.09 9.64 10.19 10.75 11.30 11.86 12.42 12.98 7.94 8.61 9.30 9.98 10.66 11.35 12.04 12.74 13.43 14.13 14.83 15.54 16.24 9.52 10.34 11.16 11.98 12.81 13.64 14.48 15.32 16.16 17.01 17.86 18.71 19.57 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 21.74 22.90 24.06 25.23 26.40 16.00 17.40 18.81 20.2321.66 23.10 24.55 26.01 27.48 28.96 30.45 31.96 33.47 60 Enter your answer in each of the answer boxes. Print Done
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