Years
2
3
Monthly Payment Per $100
16.50% 17.50% 18.50% 19.50%
4.920235 4.968285 5.016603 5.065188
3.540438 3.590207 3.640371 3.690931
4
S
2.859701 2.911437 2.963692 3.01646
2.458452 2.512221 2.566621 2.621645
6
2.196806 2.252605 2.309135 2.366388
Veronica will borrow $18,898 at 19.5% APR. She will pay it back over 5 years. What will her monthly
payments be? (Use the table)
Round to the nearest whole dollar. Do not include the units
Your Answer: