Question: You're borrowing $6,000 for two years with a stated annual interest rate of 8%. Complete the following table. ( Note : Round your answers to

You're borrowing $6,000 for two years with a stated annual interest rate of 8%. Complete the following table. (Note: Round your answers to the nearest dollar.)

Principal

$6,000

Finance charge

Total payback

You will make monthly payments throughout the life of the loan, in this case.

What will your monthly payments be? Round your answer to the nearest cent. $

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