Business and finance help with a multiple choice question in credit and loan wk4 (1-10) QUESTION 1 Choose the one alternative that best completes the statement or answers the question. Solve the problem. Find the installment price of a table bought on the installment plan with a down payment of $30 and 6 payments of $51.12. $366.72 $30 $336.72 $306.72 10 points QUESTION 2 Find the monthly interest rate. What is the monthly interest rate if an annual rate is 17.5%? 1.4% 1.46% 16.5% 14.58% 10 points QUESTION 3 Solve the problem. Find the amount financed on a TV with a cash price $430.00 and a down payment of $86.00. $429.80 $86.00 $344.00 $430.00 10 points QUESTION 4 Solve the problem. Find the amount financed if a $25 down payment is made on a camera with a cash price of $260. $235 $25 $260 $315.86 10 points QUESTION 5 Solve the problem. Find the installment price of a laptop computer bought on the installment plan with $90 down and 36 payments of $33.05. $90 $1279.80 $939.99 $1189.80 10 points QUESTION 6 Solve the problem. A mountain bike has a cash price of $690.00. Eric purchases the bike by making a down payment of $69.00 and 24 payments of $38.74. Find the finance charge. $621.00 $308.76 $69.00 $310.50 10 points QUESTION 7 Solve the problem. The installment price of a watch is $310.74 with 6 monthly payments and a down payment of $30. Find the monthly payment. $280.74 $16.74 $19.26 $46.79 10 points QUESTION 8 Solve the problem. The installment price of a food processor is $379.48 with 18 monthly payments and a down payment of $40. Find the monthly payment. $18.86 $39.48 $339.48 $0.52 10 points QUESTION 9 Find the monthly mortgage payment. $402.39 $481.63 $410.82 $346.19 10 points QUESTION 10 Solve the problem. Sarah Fields wants to borrow $121,000 at 6.5% to buy a house. How much interest would she save by going with a 15-year mortgage over a 25-year mortgage? $55,321.20 $68,752.20 $168,940.20 $85,595.40