Question: 13. [0/2 Points] DETAILS PREVIOUS ANSWERS WANEFMAC7 3.3.075. MY NOTES PRACTICE ANOTHER The following table shows annual rates for various types of loans in

13. [0/2 Points] DETAILS PREVIOUS ANSWERS WANEFMAC7 3.3.075. MY NOTES PRACTICE ANOTHER

13. [0/2 Points] DETAILS PREVIOUS ANSWERS WANEFMAC7 3.3.075. MY NOTES PRACTICE ANOTHER The following table shows annual rates for various types of loans in 2015. Assume monthly payments and compounding periods. HINT [See Examples 5 and 7.] Loan 30-Year 15-Year Type Mortgage Mortgage 5-Year Car Loan 4-Year Credit Car Loan Cards October 3.93 Rate (%) 3.14 4.30 4.24 13.10 November Rate (%) 4.09 3.31 4.31 4.26 13.10 December 4.09 3.34 4.34 4.29 Rate (%) 13.10 You currently owe $8000 on your credit card, which charges interest at the October 2015 rate. What is the least you need to pay per month to pay off the card in 13 years? (Round your answer to the nearest cent.) $54.74 x Need Help? Read It

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