Marci has taken out a loan of $5,000 for a term of 24 months (2 years) at an interest rate of 8.5%. Use the amortization table provided to complete the statement.

Monthly Payment per $1,000 of Principal
Rate 1 Year 2 Years 3 Years 4 Years 5 Years
6.5% $86.30 $44.55 $30.65 $23.71 $19.57
7.0% $86.53 $44.77 $30.88 $23.95 $19.80
7.5% $86.76 $45.00 $31.11 $24.18 $20.04
8.0% $86.99 $45.23 $31.34 $24.41 $20.28
8.5% $87.22 $45.46 $24.65 $24.65 $20.52
9.0% $87.45 $45.68 $31.80 $24.89 $20.76
Marci’s monthly payment will be $, and her total finance charge over the course of the loan will be $ .

Correct answers are Marci's monthly payment: $227.30, and total finance charge: $455.20.

Step-by-step explanation:

24 months (2 years)

$45.46 x 5 = $227.30

$227.30 x 24 = $5,455.20

$5,455.20 - $5,000 = $455.20

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step-by-step explanation:

see attached

step-by-step explanation:

given the function as;

write the equation replacing f(x) with y

form   and fill a table containing values of y with corresponding values of x

you can take a range for   values of x as -3≤x≤3

solving for x=-3

for x=-2

repeat the same procedure to get the values of y for the remaining ,x=-1 to x=3

plot the values of y against values   of x and obtain the following graph