Use your financial calculator to compute the monthly payments for a vehicle that costs $11,300 if you financed the entire purchase over four years at an annual interest rate of 7.75 percent. Also calculate the loan payments assuming rates of 6.75 percent and 8.75 percent. Compare the total amount spent on the vehicle under each assumption. Click on the table icon to view the MILPF table E. The monthly payments for a vehicle that costs $11,300 if you financed the entire purchase over four years at an annual interest rate of 7.75 percent is $ (Round to the nearest cent.) Monthly Installment Loan Tables ($1,000 loan ith interest payments compounded monthly) 6 12 18 24 30 36 48 60 72 84 4.00% 168.62 85.15 57.33 43.42 35.08 29.52 22.58 18.42 15.65 13.67 4.25% 168.74 85.26 57.44 43.54 35.19 29.64 22.69 18.53 15.76 13.78 4.50% 168.86 85.38 57.56 43.65 35.31 29.75 22.80 18.64 15.87 13.90 4.75% 168.98 85.49 57.67 43.76 35.42 29.86 22.92 18.76 15.99 14.02 5.00% 169.11 85.61 57.78 43.87 35.53 29.97 23.03 18.87 16.10 14.13 5.25% 169.23 85.72 57.89 43.98 35.64 30.08 23.14 18.99 16.22 14.25 5.50% 169.35 85.84 58.01 44.10 35.75 30.20 23.26 19.10 16.34 14.37 5.75% 169.47 85.95 58.12 44.21 35.87 30.31 23.37 19.22 16.46 14.49 6.00% 169.60 86.07 58.23 44.32 35.98 30.42 23.49 19.33 16.57 14.61 6.25% 169.72 86.18 58.34 44.43 36.09 30.54 23.60 19.45 16.69 14.73 6.50% 169.84 86.30 58.46 44.55 36.20 30.65 23.71 19.57 16.81 14.85 6.75% 169.96 86.41 58.57 44.66 36.32 30.76 23.83 19.68 16.93 14.97 7.00% 170.09 86.53 58.68 44.77 36.43 30.88 23.95 19.80 17.05 15.09 7.25% 170.21 86.64 58.80 44.89 36.55 30.99 24.06 19.92 17.17 15.22 7.50% 170.33 86.76 58.91 45.00 36.66 31.11 24.18 20.04 17.29 15.34 7.75% 170.45 86.87 59.03 45.1 36.77 31.22 24.30 20.16 17.41 15.46 8.00% 170.58 86.99 59.14 45.23 36.89 31.34 24.41 20.28 17.53 15.59 8.25% 170.70 87.10 59.25 45.34 37.00 31.45 24.53 20.40 17.66 15.71 8.50% 170.82 87.22 59.37 45.46 37.12 31.57 24.65 20.52 17.78 15.84 8.75% 170.95 87.34 59.48 45.57 37.23 31.68 24.77 20.64 17.90 15.96 9.00% 171.07 87.45 59.60 45.68 37.35 31.80 24.89 20.76 18.03 16.09 9.25% 171.19 87.57 59.71 45.80 37.46 31.92 25.00 20.88 18.15 16.22 9.50% 171.32 87.68 59.83 45.91 37.58 32.03 25.12 21.00 18.27 16.34 9.75% 171.44 87.80 59.94 46.03 37.70 32.15 25.24 21.12 18.40 16.47 10.00% 171.56 87.92 60.06 46.14 37.81 32.27 25.36 21.25 18.53 16.60 10.25% 171.68 88.03 60.17 46.26 37.93 32.38 25.48 21.37 18.65 16.73 10.50% 171.81 88.15 60.29 46.38 38.04 32.50 25.60 21.49 18.78 16.86 10.75% 171.93 88.27 60.40 46.49 38.16 32.62 25.72 21.62 18.91 16.99 11.00% 172.05 88.38 60.52 46.61 38.28 32.74 25.85 21.74 19.03 17.12 11.25% 172.18 88.50 60.63 46.72 38.40 32.86 25.97 21.87 19.16 17.25 11.50% 172.30 88.62 60.75 46.84 38.51 32.98 26.09 21.99 19.29 17.39 11.75% 172.42 88.73 60.87 46.96 38.63 33.10 26.21 22.12 19.42 17.52 12.00% 172.55 88.85 60.98 47.07 38.75 33.21 26.33 22.24 19.55 17.65 12.25% 172.67 88.97 61.10 47.19 38.87 33.33 26.46 22.37 19.68 17.79 12.50% 172.80 89.08 61.21 47.31 38.98 33.45 26.58 22.50 19.81 17.92 12.75% 172.92 89.20 61.33 47.42 39.10 33.57 26.70 22.63 19.94 18.06 13.00% 173.04 89.32 61.45 47.54 33.69 26.83 22.75 20.07 18.19 13.25% 173.17 89.43 61.56 47.66 39.34 33.81 26.95 22.88 20.21 18.33 13.50% 173.29 89.55 61.68 47.78 39.46 33.94 27.08 23.01 20.34 18.46 13.75% 173.41 89.67 61.80 47.89 39.58 34.06 27.20 23.14 20.47 18.60 14.00% 173.54 89.79 61.92 48.01 39.70 34.18 27.33 23.27 20.61 18.74 14.25% 173.66 89.90 62.03 48.13 39.82 34.30 27.45 23.40 20.74 18.88 14.50% 173.79 90.02 62.15 48.25 39.94 34.42 27.58 23.53 20.87 19.02 14.75% 173.91 90.14 62.27 48.37 40.06 34.54 27.70 23.66 21.01 19.16 15.00% 174.03 90.26 62.38 48.49 40.18 34.67 27.83 23.79 21.15 19.30 15.25% 174.16 90.38 62.50 48.61 40.30 34.79 27.96 23.92 21.28 19.44 15.50% 174.28 90.49 62.62 48.72 40.42 34.91 28.08 24.05 21.42 19.58 15.75% 174.41 90.61 62.74 48.84 40.54 35.03 28.21 24.19 21.55 19.72 16.00% 174.53 90.73 62.86 48.96 40.66 35.16 28.34 24.32 21.69 19.86 16.25% 174.65 90.85 62.97 49.08 40.78 35.28 28.47 24.45 21.83 20.00 16.50% 174.78 90.97 63.09 49.20 40.91 35.40 28.60 24.58 21.97 20.15 16.75% 174.90 91.09 63.21 49.32 41.03 35.53 28.73 24.72 22.11 20.29 17.00% 175.03 91.20 63.33 49.44 41.15 35.65 28.86 24.85 22.25 20.44 17.25% 175.15 91.32 63.45 49.56 41.27 35.78 28.98 24.99 22.39 20.58 17.50% 175.28 91.44 63.57 49.68 41.39 35.90 29.11 25.12 22.53 20.73 17.75% 175.40 91.56 63.69 49.80 41.52 36.03 29.24 25.26 22.67 20.87 18.00% 175.53 91.68 63.81 49.92 41.64 36.15 29.37 25.39 22.81 21.02 18.25% 175.65 91.80 63.93 50.04 41.76 36.28 29.51 25.53 22.95 21.16 18.50% 175.77 91.92 64.04 50.17 41.89 36.40 29.64 25.67 23.09 21.31 18.75% 175.90 92.04 64.16 50.29 42.01 36.53 29.77 25.80 23.23 21.46 19.00% 176.02 92.16 64.28 50.41 42.13 36.66 29.90 25.94 23.38 21.61 19.25% 176.15 92.28 64.40 50.53 42.26 36.78 30.03 26.08 23.52 21.76 19.50% 176.27 92.40 64.52 50.65 42.38 36.91 30.16 26.22 23.66 21.91 19.75% 176.40 92.51 64.64 50.77 42.51 37.04 30.30 26.35 23.81 22.06 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 13.76 13.88 14.01 14.14 14.26 14.39 14.52 14.65 14.78 14.91 15.04 15.17 15.31 15.44 15.57 15.71 15.84 15.98 16.12 16.25 16.39 16.53 16.67 16.81 16.95 17.09 17.23 17.37 17.51 17.66 17.80 17.95 18.09 18.24 18.38 18.53 18.68 18.82 18.97 19.12 19.27 19.42 19.57 19.72 19.88 20.03 20.18 20.33 20.49 20.64 20.80 39.22 Print Done