Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to...
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Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.) (Use 15.5% for table lookup.) (Use the loan amortization table.) Note: Round your answers to the nearest cent. Purchase price of a used car $4,195 Down payment $95 Number of monthly payments 60 Amount financed $ 4,100 Total of monthly payments $5,944.00 Total finance charge $1,844.00 APR 15.5% Monthly Payment By table By formula Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.) (Use 15.5% for table lookup.) (Use the loan amortization table.) Note: Round your answers to the nearest cent. Purchase price of a used car $4,195 Down payment $95 Number of monthly payments 60 Amount financed $ 4,100 Total of monthly payments $5,944.00 Total finance charge $1,844.00 APR 15.5% Monthly Payment By table By formula
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