Time Value of Money You are taking out a four-year, $10,000 loan at 6% annual interest to purchase a used car. Payments are due monthly. 3 4 1 2 2 points What is the number of periods (n) for this problem? 24 4 48 12 2 points What interest rate (i) will you use for this problem? 0.50% 6.0% 1.5% 3.0% 3 points Find the amount of the monthly payment. $485.80 $234.85 $124.46 $638.98 3 points How much total interest will you pay over this four-year period? $1,803.85 $2,893.83 $1,272.81 $834.22

Time Value of Money 1. 2point You are taking out a four -year, $10,000 loan at 6% annual interest to purchase a What is the number of periods (n) for this problem? used car. Payments are due monthly. 24 2 2points What interest rate (i) will you wse for this problem? 0.50%6.0%1.5%3.056 3 Jpoints Find the amount of the monthly parment. $48560$23485$124.46$038.98 4 Jouiti How inuch totalintereit will you pay over this four year perical $1.800.85$2.893.$1.272.81$12.422