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Use the table for #4 4. If you were taking a loan out for $6,000 at an APR of 11.25% for 4 years, answer the

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Use the table for #4 4. If you were taking a loan out for $6,000 at an APR of 11.25% for 4 years, answer the following questions. . a. What are your monthly payments? b. What is the total amount of monthly payments? total c. What is the finance charge after 4 years? Table of Monthly Payments per $1,000 of Principal 4 10 yr 2 yr 1 Rate 2 Rate 1 yr 4 5 10 6.50% 86.30 44.55 30.65 23.71 19.57 11.35 10.00% 87.92 46.14 32.27 21.25 25.36 13.22 86.41 6.75% 44.66 30,76 23.83 19.68 11.48 10.25% 88.03 46. 28 21.37 32. 38 25.48 13. 35 7.00% 86.53 44.77 30.88 23.95 19.00 11.61 10.50% | 88.16 46 38 32.50 25.60 21.49 13.49 86.64 7 25% 44.89 30.99 24.06 19.92 11.74 10.75% | B8.27 46.49 32.62 25.72 21.62 13.63 7.50% 45.00 86.76 31.11 24.18 20.04 11.87 11.00% | 88.38 46.61 32.74 25.85 21.74 13.78 7.75% 86.87 45.11 31.22 24.30 20.16 12.00 46.72 32.86 25.97 21.87 13.92 11.25% | 88.50 11.50% 88.62 31.34 2441 20.28 12.13 46.84 32 98 21.99 14.06 26.09 26.21 1227 11.75% B8.73 46.96 33.10 22.12 14. 20 .00% 86.99 45.23 . 25 87.10 45.4 8.50% | 87 2 45 46 8.75% 87.34 46,67 9.00%B7 45 46.68 31 45 31.57 24.53 20 40 24.65 | 20.52 24.77 20.64 12.40 12.00%BB.85 26.33 22 24 14.35 47.07 47.19 33.21 33.33 31.68 12 63 12 25% | 88.97 26.46 22.37 14.40 31.80 24.89 20.76 12.07 12.50 80.00 33.45 26.58 22.50 14.04 47.31 47.42 9 25% 87.57 45.80 31.92 25.00 20 88 12.80 33.57 26.70 22.63 14.78 12.76% 89, 20 13.00% | 89.32 9.50 87.68 45.91 32.03 12.04 47.4 33.69 26.83 22.75 14.93 25.12 25.24 21.00 21.12 9.76% 87.80 46.03 32.16 13.08 13.25% 89,43 47.66 33.81 26.95 22.88 15.00

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