eBook Chapter 7 Financial Planning Exercise 10 Comparing payments and APRs of financing alternatives Because of a job change, Finn Mcbryde has just relocated to the southeastern United States. He sold is furniture before he moved, so he's now shopping for new furnishings to local furniture store, he's found an assortment of couches, chairs, tables, and beds that he thinks would look great in his new, two bedroom apartment, the total cost for everything is $5,800. Because of moving costs, Finn is a bit short of cash right now, so he's decided to take out instaliment on for 85,800 to pay for the future. The future store offers to lend him the money for 36 months at an add-on interest rate of 10 percent. The creation at Fina's tom offers to lend him the money they give him me on sta uimin Interest rate of 10.5 percent, but only for a term of 24 months a. Compute the monthly payments for the loan from the furniture store. Round the answer to the nearest cont. per month Compute the monthly payments for the loan from the credit union Round the answer to the nearest cent. per month . Determine the APR for the loan from the furniture store. Round the answer to a decimal places Determine the APR for the loan from the credit union. Round the answer to 2 decimal places c. Which is more important: low payments or a low APA? Grade it Now Save & Continue Continue without savne