Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use Table 14.1.) Note: Do not round intermediate calculations. Round the Finance charge to the nearest cent.       Purchase price of a used car Down payment Number of monthly payments Amount financed Total of monthly payments Total finance charge APR $5,673 $1,223 48   $5,729.76

ANNUAL PERCENTAGE RATE NUMBER OF PAYM ENTS 2.008 2.25% 2.50% 2.75 3.00 3.25% 3.50t 3.75% 4.00t 4.257 4.50% 4.757 5.00t 5.25% 5.50% 5.15T (FINANCE CHARGE PER s100 OF AMNUNT FINANCEDI 0.27 0.41 0.54 0.68 0.31 0.47 0.63 0.78 0.94 0.33 0.50 0.67 0.A3 1.00 .4A 0.77 n.96 1.20 1.44 0.44 0.17 0.25 0.33 0.42 0.50 0.19 0.28 0.38 0.47 0.2 0.31 0.42 0.52 0.63 0.23 0.34 0.46 0.57 0.69 0.25 0.39 0.50 0.63 0.75 0.59 0.79 0.99 1.19 0.56 0.75 0.49 0.92 0.63 0.81 1.04 1.25 0. AA 01 1 1.32 0.71 0.5A 0.73 0.88 1.07 1.13 1.34 0.56 54 0.A8 1.00 ED 1 1.13 1.46 1.67 1.88 2.09 2.31 0.95 0.80 0.92 0.58 0.67 0.75 0.84 0.92 0. 66 0. 75 0.85 0.94 1.03 0.73 0.84 0.94 1.04 1.15 1.76 1. 1.2 1. 1.50 1.40 1.18 1.96 1.69 1.48 2.07 1.79 1.99 2.19 1.98 2.20 7.42 2.07 2.31 2.54 1. 1.25 1.38 1.26 1.51 1. 10 2.52 2.73 2.94 3.15 3.37 2.4 2.87 3.09 2.77 1.00 1.74 3.47 3.71 2.90 2.39 2.50 7.77 2.14 2.26 2.01 2.1 2.35 2.52 2.69 1.88 1.76 1.91 2.05 2.20 2.35 1.00 1.14 1.50 1.77 2.04 2.12 1.39 2.50 2.6A 2.96 60 1 1.17 1.25 1.34…

Enter your dollar answers rounded to the nearest two cents and precede numbers that are less than zero (0) with a minus sign (–).) Buy On Time or Pay Cash Cost of Borrowing       1. Terms of the loan       a. Amount of the loan $10,000.00     b. Length of the loan (in years) 5     c. Monthly payment $188.70   2. Total loan payments made       ($  per month  months)   $   3. Less: Principal amount of the loan   $   4. Total interest paid over life of loan   $   5. Tax considerations:       – Is this a home equity loan? no     – Do you itemize deductions on your federal tax return? yes   6. What federal tax bracket are you in? 35%   7. Taxes saved due to interest deductions       ($  x %)   $   8. Total after-tax interest cost on the loan   $   Cost of Paying Cash       9. Annual interest earned on savings       (6% x )   $   10. Annual after-tax interest earnings       ($  x %)   $   11. Total after-tax interest earnings…

Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for the following installment loan. Total Purchase Down Amount Monthly Payment Number of Finance Deferred (Cash) Price Payment Financed Payments Charge Payment Price $3,200 20% 2$ $236.00 12 $ $

Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for the following installment loan. Total Purchase Monthly Payment Down Amount Number of Finance Deferred (Cash) Price Payment Financed Payments Charge Payment Price $3,300 20% $ 2640 $240.00 12 $ 240 $ 5520

Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $800 18 16% $  $  $

Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.). (Use 13% for table lookup.). (Use the loan amortization table) Note: Round your answers to the nearest cent. Purchase price of a used car Down payment Number of monthly payments Amount financed Total of monthly payments Total finance charge APR $5,693 $1,233 48 $4,460 $5,749.76 $1,289.76 13%   Monthly payment By table   By formula   TABLE 14.2 Loan amortization table (monthly payment per $1,000 to pay principal and interest on installment loan) Terms in months 7.50% 8.00% 8.50% 9.00% 10.00% 10.50% 11.00% 11.50% 12.00% 12.50% 13.00% 13.50% 14.00% 14.50% 15.00% 15.50% 16.00% 6 $ 170.34 $ 170.58 $ 170.83 $ 171.20 $ 171.56 $ 171.81 $ 172.05 $ 172.30 $ 172.55 $ 172.80 $ 173.04 $ 173.29 $ 173.54 $ 173.79 $ 174.03 $ 174.28 $ 174.53 12 86.76 86.99 87.22 87.46 87.92 88.15 88.38 88.62 88.85 89.08 89.32 89.55 89.79 90.02 90.26 90.49 90.73…

Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.) (Use 15.5% for table lookup.) (Use the loan amortization table.) (Round your answers to the nearest cent.) Purchase priceof a used car Downpayment Number ofmonthly payments Amountfinanced Total of monthlypayments Total financecharge APR $4,415 $85 60 $4,330 $6,164.00 $1,834.00 15.5%     Monthly Payment By table   By formula