Otis is thinking of buying a $14,450 car by taking out a loan and making monthly
payments for the next five years. Fill in the Monthly Payment and Total Payment
columns in the table below for four different interest rates that Otis might receive.
Assume all interest is compounded monthly.
1. interest rate- 4%, monthly payment-___, total payment-____
2. interest rate- 6%, monthly payment-___, total payment-____
3. interest rate- 8%, monthly payment-___, total payment-____
4. interest rate- 10%, monthly payment-___, total payment-____