Mathematics, 19.08.2021 08:10 25jzaldivar
Suppose Sofia is considering a 5-year loan for $6,000 at an interest rate of 7%. Use the table to complete the statements. Type the correct answer in each box. Round your answer to the nearest cent. 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 9.096 $87.45 $45.68 $31.80 $24.89 $20.76 Sofia's monthly payment would be $118.80 The total number of monthly payments that Sofia would make over the life of the loan is 60 finance charge on her loan would be $1,128.00
Answers: 1
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Suppose Sofia is considering a 5-year loan for $6,000 at an interest rate of 7%. Use the table to co...
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