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Use the Loan Payoff Table to determine both the finance charge and the payment required to amore a boon of $5500 at an annual interest rate of 8% with a form of 18 monthly payments Click the icon to view the Loan Payoff Tabim The amount of each payment is (Round to the nearest cant as needed) The finance charges X 1 Number of Each Day of the Year Table ht due at the maturity note due in 220 ates Rule. e Year table. The Number of Each of the Days of the Year Das of Mooth Day of Meath 1 2 1 4 3 | 2 3 92 12 12 . u = = 4 5 6 6 - 7 1 8 39 9 10 ||| 100 100 191 102 161 191 www33 mmmmmmmwwwwwmwwmwwww 11 12 71 10 41 11 12 13 4 14 us 16 17 18 10 11 12 13 14 14 11 Print Done i Loan Payoff Table Number of Months 36 APR 18 24 30 13 54 APR 02441 02489 8% 9% 10% 02336 11% 8% 05914 9% 05960 10% 06006 11% 06052 12% 06098 13% 06145 06192 15% 06233 16% 06286 17% 18% 06381 19% 32% 06176 12% 13% .04523 04568 04615 04661 04707 04754 04801 04349 04896 04944 04993 05041 08090 08688 .03735 03781 03838 03875 03922 00970 04018 04066 1115 04164 94213 04283 05134 .03180 03227 03274 03321 03369 03418 03467 03516 03565 03615 02738 02785 .00832 00879 02928 02976 03005 03075 03123 03176 03226 03278 03330 02585 02633 60683 02733 02783 00834 10885 02937 02990 00013 02211 02259 02307 02356 02406 00456 02507 02558 00610 10662 02715 02769 00823 02028 12076 0213 02174 1028 02275 0232 02379 00432 00425 00539 02594 00519 15% 16% 17% 18% 19% 20% 03716 Print Done

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