Word Problem $14-9($Algo$)[$LU $14-1(3)]$

Tray Juth wants to purchase new dive equipmem for Underwater Connection, his retail store in Colorado Springl. He was offered a $$62\mathrm{.}000$ lown at $8\%$ for $60$ months. What is his monthly payment by table lookup? $($Use Jable $14\mathrm{.}2)$

Note: Round your answer to the nearest cent.

Monctiy paymert

Rewsou rater$$

Wellamenvel

voingrapse$$

Intaven

Qurtient$0$

wate $14$

Ewh hatery

TABLE $14\mathrm{.}2$

Lean amortization table$$monthly payment per $\backslash 1000$ te pay principal and interest en $$mallment loan$$

$\backslash$table$[[$Trems in meaths,$754\backslash ,800\backslash ,850\backslash ,800\backslash ,1000\backslash ,1050\backslash ,1180\backslash ,1150\backslash ,126$es$,1250\backslash ,1380,13805,1400$s$,1430\backslash ,3580\backslash ,18],[6,\backslash 17034,\backslash 17058,\backslash 17083,517120,5171\mathrm{.}56,\backslash 17181,\backslash 17205,\backslash 17230,51725,5172$ ma$,5173\mathrm{.}04,\backslash 17289,51734,51717,51743,5],[12,86\mathrm{.}76,86\mathrm{.}9,67\mathrm{.}22,8746,87\mathrm{.}92,88\mathrm{.}15,88\mathrm{.}38,6862,8848,,$max,$8555,839,9002,5035,],[18,58\mathrm{.}92,59\mathrm{.}15,58\mathrm{.}37,5960,60\mathrm{.}06,60\mathrm{.}29,6058,60\mathrm{.}75,6056,61\mathrm{.}21,61\mathrm{.}45,61\mathrm{.}68,6132,215,038,],[24,45\mathrm{.}00,45\mathrm{.}23,4545,45\mathrm{.}69,46\mathrm{.}14,46\mathrm{.}38,46\mathrm{.}61,46\mathrm{.}84,4709,4731,47\mathrm{.}54,4778,4851,4$tz$,$at $20,],[30,35\mathrm{.}66,36\mathrm{.}89,37\mathrm{.}12,37\mathrm{.}35,37\mathrm{.}81,3894,38\mathrm{.}28,3851,375,385,3322,3545,3870,2034,$ant,$],[36,31\mathrm{.}11,31\mathrm{.}34,3137,31\mathrm{.}80,30\mathrm{.}29,3250,32\mathrm{.}74,71985,7171,3175,7$tis,$3354,71\backslash ,1108,317,],[42,7715,27\mathrm{.}38,27\mathrm{.}62,23\mathrm{.}85,28\mathrm{.}38,28\mathrm{.}55,28\mathrm{.}79,2303,2828,2058,280,3051,3085,7308,305,],[48,24\mathrm{.}18,24\mathrm{.}42,24\mathrm{.}65,24\mathrm{.}77,2536,25\mathrm{.}60,28\mathrm{.}5,2403,26\mathrm{.}33,2050,\frac{2683}{3485},,27\mathrm{.}83,2738,\frac{878}{888},],[54,21\mathrm{.}88,22\mathrm{.}12,22\mathrm{.}36,22\mathrm{.}59,2107,23\mathrm{.}82,23\mathrm{.}56,23$ nim,$24\mathrm{.}06,24\mathrm{.}34,\frac{3456}{73},2481,\frac{2696}{72\mathrm{.}74},\frac{2812}{765},\frac{885}{7818},],[40,2504,20\mathrm{.}28,2052,20\mathrm{.}76,21\mathrm{.}25,31,29\mathrm{.}94,2197,3328,2250,7$n$,7308,$nirt,nct$,$N$170,]]$

Apr

$278$