Determine the monthly payment for the installment loan. Number of Annual Percentage Payments per Time in...
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Determine the monthly payment for the installment loan. Number of Annual Percentage Payments per Time in Years (1) Year (n) 12 3 Amount Financed (P) Rate (r) $10,000 5.5% Number of payments 6 12 18 24 30 36 48 60 Annual Percentage Rate Table for Monthly Payment Plans Annual Percentage Rate 4.0% 4.5 % 5.00% 5.5% 6.0% 6.5% 7.0 % 7.5 % 8.0 % 8.5 % 9.0 % 9.5 % 10.0% (Finance charge per $100 of amount financed) 1.61 1.76 1.90 2.05 2.20 2.35 2.49 2.64 3.00 3.28 3.56 3.83 4.11 4.39 2.79 2.93 4.66 4.94 5.22 5.50 5.63 6.04 6.45 6.86 7.69 8.10 7.28 9.64 10.19 10.75 8.00 8.54 9.09 9.98 10.66 11.35 12.04 12.74 13.43 11.98 12.81 13.64 14.48 15.32 16.16 16.06 17.18 18.31 19.45 20.59 21.74 14.94 18.81 20.23 21.66 23.10 24 55 26.01 27.48 1.17 1.32 1.46 2.18 2.45 2.73 7.45 3.20 3.60 4.00 4.41 4.82 522 4.22 4.75 5.29 5.83 6.37 6.91 5.25 5.92 6.59 7.26 7.94 8.61 9.30 6.29 7.09 7.90 8.71 9.52 10.34 11.16 8.38 9.46 10.54 11.63 12.73 13.83 10.50 11.86 13.23 14.61 16.00 17.40 Determine the monthly payment for the installment loan. Number of Annual Percentage Payments per Time in Years (1) Year (n) 12 3 Amount Financed (P) Rate (r) $10,000 5.5% Number of payments 6 12 18 24 30 36 48 60 Annual Percentage Rate Table for Monthly Payment Plans Annual Percentage Rate 4.0% 4.5 % 5.00% 5.5% 6.0% 6.5% 7.0 % 7.5 % 8.0 % 8.5 % 9.0 % 9.5 % 10.0% (Finance charge per $100 of amount financed) 1.61 1.76 1.90 2.05 2.20 2.35 2.49 2.64 3.00 3.28 3.56 3.83 4.11 4.39 2.79 2.93 4.66 4.94 5.22 5.50 5.63 6.04 6.45 6.86 7.69 8.10 7.28 9.64 10.19 10.75 8.00 8.54 9.09 9.98 10.66 11.35 12.04 12.74 13.43 11.98 12.81 13.64 14.48 15.32 16.16 16.06 17.18 18.31 19.45 20.59 21.74 14.94 18.81 20.23 21.66 23.10 24 55 26.01 27.48 1.17 1.32 1.46 2.18 2.45 2.73 7.45 3.20 3.60 4.00 4.41 4.82 522 4.22 4.75 5.29 5.83 6.37 6.91 5.25 5.92 6.59 7.26 7.94 8.61 9.30 6.29 7.09 7.90 8.71 9.52 10.34 11.16 8.38 9.46 10.54 11.63 12.73 13.83 10.50 11.86 13.23 14.61 16.00 17.40
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Related Book For
A Survey Of Mathematics With Applications
ISBN: 9780135740460
11th Edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Posted Date:
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