Wilfredo bought a new boat for $12,100. He paid $2,000 for the down payment and financed the rest for 10-years at an annual interest rate of 10%. Use the table to find the monthly payment for the amortized loan. Find the total interest paid on the loan. Click the icon to view a table of monthly payments on a $1,000 loan. The monthly payments for this loan are s (Round to the nearest cent as needed.) Monthly Payment on a $1,000 loan - X Number of Years for the Loan Annual Interest Rate 3 4 10 20 30 4% $22.58 $6.06 $29.53 29.97 30.42 $10.12 10.61 $4.77 5.37 5% 23.03 6.60 6% 11.10 7.16 6.00 23.49 24.41 8% 31.34 12.13 8.36 7.34 10% 13.22 9.65 8.78 32.27 33.21 25.36 26.33 12% 14.35 11.01 10.29 Print Done Enter your answer in the answer box and then click Check