Homework: Section 10.4 Homework Determine the monthly payment for the installment loan. Annual Number of Amount Percentage Payments per Time in Financed (P) Rate (1) Years (t) $950 6% 12 2 Click the icon to view the partial APR table. Year (n) The monthly payment is $ (Round to the nearest cent as needed.) nede om - X Finance rates Pel Ra an 8.5% 9.0% Number of payments 4.5% 5.0% 12 2.45 4.75 7.09 9.46 11.86 Annual Percentage Rate 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% (Finance charge per $100 of amount financed) 3.00 3.28 3.56 3.83 4.11 4.39 5.83 6.37 6.91 7.45 8.00 8.54 8.71 9.52 10.34 11.16 11.98 12.81 11.63 12.73 13.83 14.94 16.06 17.18 14.61 16.00 17.40 18.81 20.23 21.66 2.73 5.29 7.90 10.54 13.23 24 36 48 60 4.66 9.09 13.64 18.31 23.10 4.94 9.64 14.48 19.45 24.55 m ea Print Done