franklins new snowmobile cost $16000. after his down payment of 2000 he financed the remainder at 8% for 4 years. use the table to find the monthly payment four the amortized loan. find the total intrest paid on the loan
 

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Annual Interest Rate 4% 5% 6% 8% 10% 12% 3 $29.53 29.97 30.42 31.34 32.27 33.21 Number of Years for the Loan 4 10 20 $22.58 $10.12 $6.06 23.03 10.61 6.60 23.49 11.10 7.16 24.41 12.13 8.36 25.36 13.22 9.65 26.33 14.35 11.01 30 $4.77 5.37 6.00 7.34 8.78 10.29 Annual Interest Rate 4% 5% 6% 8% 10% 12% 3 $29.53 29.97 30.42 31.34 32.27 33.21 Number of Years for the Loan 4 10 20 $22.58 $10.12 $6.06 23.03 10.61 6.60 23.49 11.10 7.16 24.41 12.13 8.36 25.36 13.22 9.65 26.33 14.35 11.01 30 $4.77 5.37 6.00 7.34 8.78 10.29

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At 8 4 years The monthly payment on loan of ... View the full answer