TABLE $14\mathrm{.}2$

Loan amortization table $($monthly payment per $$1,000$ to pay principal and interest on installment loan$)$Ramon Hernandez saw the following advertisement for a used Volkswagen Bug and decided to work out the numbers to be sure the ad had no errors.

Cash price $$8,000$

Down payment $$0$

Annual percentage rate $14\mathrm{.}78\%$

Deferred price $$11,404\mathrm{.}80$ or $60$ payments at $$190\mathrm{.}08$ per month

Calculate the amount financed.

Calculate the finance charge.

Note: Round your answer to the nearest cent.

Calculate the APR by table lookup. $($Use Table $14\mathrm{.}1.)$

Note: Round your answers to $2$ decimal places.

Calculate the monthly payment by formula.

Note: Round your answer to the nearest cent.

Calculate the monthly payment by table lookup at $15\mathrm{.}00\%.($Use Table $14\mathrm{.}2.)$

Note: Round your answer to the nearest cent.