UMEWUIK. Chapter 8 Homework Sav core: 0 of 2 pts 3 of 8 (0 complete) HW Score: 0%, 0 of 10 roblem P8-3 (similar to) Question Help Compute the monthly payments for a vehicle that costs $19,400 if you financed the entire purchase over four years at an annual interest rate of 6 percent. Also calculate the loan payments assuming rates of 5 percent and 7 percent. Compare the total amount spent on the vehicle under each assumption. Click on the table ico to view the MILPF table ! The monthly payments for a vehicle that costs $19,400 if you financed the entire purchase over four years at an annual interest rate of 6 percent is $](Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer Check ANSWER Clear A 6 parts remaining CE a o arch E e The ti ce 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 6.25% 6.50% 6.75% 7.00% Monthly Installment Loan Tables ($1,000 loan ith interest payments compounded monthly) 6 12 18 24 30 36 48 60 72 84 168,62 85.15 57.33 43.42 35.08 29.52 22.58 18.42 15,65 13,67 168.74 85.26 57.44 43.54 35.19 29.64 22.69 18.53 15.76 13.78 168.86 85.38 57.56 43.65 35.31 29.75 22.80 18.64 15.87 13.90 168.98 85.49 57.67 43.76 35.42 29.86 22.92 18.76 15.99 14.02 169.11 85 61 57.78 43.87 35.53 29.97 23.03 18.87 16.10 14.13 169.23 85.72 57.89 43.98 35.64 30.08 23.14 18.99 16.22 14.25 169 35 85.84 58.01 44.10 35.75 30.20 23.26 19.10 16.34 14.37 169.47 85.95 58.12 44.21 35.87 30.31 2337 1922 16.46 14.49 169.60 86.07 58.23 44.32 35.98 30.42 23.49 19.33 16.57 14.61 169.72 86.18 58.34 44.43 36.09 30.54 23.60 19.45 16.69 14.73 169.84 86 30 58 46 44.55 36.20 30.65 23.71 19.57 16.81 14.85 169.96 86.41 58.57 44.66 36.32 30.76 23.83 19.68 16.93 14.97 170.09 86.53 58.68 44 77 36.43 30.88 23.95 19.80 17.05 15.09 96 12.19 12.31 12.42 12.54 12.66 12.78 12.90 13.02 13.14 13.26 13.39 13.51 13.63 N Print Done 0 a @ Chp