a. How many years will you be paying ? b. What is your monthly payment ? You buy items costing $1000 and finance the cost with a fixed installment loan for 30 months at 4% simple interest per year . a. What is the finance charge ? b. What is your monthly payment ? 6 . You plan to purchase items for $900 and will finance the cost with a fixed installment loan . The seller tells you that you will have to pay $40 per month for 36 months a. What is the finance charge ? b. What is the interest rate ? (Round to the nearest hundredth ) 7. You buy items costing $3000 and finance the cost with a fixed installment loan at 5% simple interest per year . The finance charge is $600. a. How many years will you be paying ? b. What is your monthly payment ? You buy items costing $2000 and finance the cost with a fixed installment loan for 48 months at 5% simple interest per year . a. What is the finance charge ? b. What is your monthly payment ? 9 . You plan to purchase items for $600 and will finance the cost with a fixed installment loan . The seller tells you that you will have to pay $20 per month for 36 months . What is the finance charge ? b. What is the interest rate ? (Round to the nearest hundredth ) 0 . You buy items costing $400 and finance the cost with a fixed installment loan at 6% simple interest per year . The finance charge is $48 a. How many years will you be paying ? b. What is your monthly payment ? 1. You buy items costing $600 and finance the cost with a fixed installment loan for 18 months at 6% simple interest per year . a. What is the finance charge ? b. What is your monthly payment ? You plan to purchase items for $4000 and will finance the cost with a fixed installment loan . The seller tells you that you will have to pay $100 per month for 48 months a. What is the finance charge ? b. What is the interest rate ? (Round to the nearest hundredth )