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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $62,000 loan at 8%

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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $62,000 loan at 8% for 60 months. What is his monthly payment by table lookup? (Use Table 14.2) Note: Round your answer to the nearest cent. 1.oan imartiakion Lable (menthly pay neeut per 51 , owo to pay principal and interest en installment loan)

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