Use the following rates and payments table. Monthly Rate 1 1 2% 1% Unpaid balance Up to $500 Over $500 New balance Under $200 Over $200 Minimum payment $10 5% of new balance Previous Balance   New Purchases $346   $70 Find the following. (Round your answers to the nearest cent.)

Use PMT = . Round to the nearest dollar. Suppose that you borrow $10,000 for four years at 7% toward the purchase of a car. Find the monthly payments and the total interest for the loan.   A.$281; $13,488 B.$239; $1472 C.$624; $19,952 D.$239; $11,472

As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) AmountFinanced InterestRate Termof Loan(years) MonthlyPI AnnualPropertyTax AnnualInsurance MonthlyPITI $127,700 6.75% 15 $  $2,370 $1,325 $

You have maxed out your credit card and owe $3,100. Its interest rate is 21%. Each month, you make the minimum required payment of $32. (Round your answers to the nearest cent.) (a) During the September 20 through October 19 billing period, you pay the minimum required payment on October 1. Find the average daily balance, the finance charge, and the new balance. average daily balance     $   finance charge $  new balance $  (b) During the October 20 through November 19 billing period, you pay the minimum required payment on November 11. Find the average daily balance, the finance charge, and the new balance. average daily balance     $  finance charge $  new balance $  (c) During the November 20 through December 19 billing period, you pay the minimum required payment on November 30. Find the average daily balance, the finance charge, and the new balance. average daily balance     $  finance charge $  new balance $  (d) Discuss the impact of making the…