Question: Solve the problem. Use the given table to find monthly payments. (UNIT 4- CHAPTER 3 - SECTIONS 3.4.3.5) Annual Interest Rate 490 5% 6% 89

Solve the problem. Use the given table to find monthly payments. (UNIT 4- CHAPTER 3 - SECTIONS 3.4.3.5) Annual Interest Rate 490 5% 6% 89 10% 1296 Number of Years for the Loan 3 4 10 20 30 $29.53 $22.58 $10.12 $6.06 $4.77 29.97 23.03 10.61 6.60 5.37 30.42 23.49 11.10 7.16 6.00 31.34 24.41 12.13 8.36 7.34 32.27 25.36 13.22 8.78 33.21 26.33 14.35 11.01 10.29 Monthly payments on a $1,000 loan. 9.65 Harold took out a 4-year amortized loan for $22.000 a 10% to pay his tuition at a technical institute Alter 1 year, he refinanced the unpaid balance of $17.291 ata o interest rate (All interest rates are annual interest rates.) Type the number with no comma or dollar sign. For example, type: 25634.80 1) Find the monthly payment on the original loan 2) Find the monthly payment on the new loan 3) How much will Harold save per month is he accepts the new refinanced loan? 4) Find the total amount saved on interest by refinancing the remaining balance of the loan

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