Answer:
The monthly payment for a $4,000 2-year loan with an APR of 7% is $179.09.
Explanation:
Loan Amount Interest Rate Monthly Payment
$1,000 5% $37.89
$1,000 6% $39.86
$1,000 7% $41.83
$1,000 8% $43.80
$1,000 9% $45.77
$2,000 5% $75.78
$2,000 6% $79.72
$2,000 7% $83.66
$2,000 8% $87.60
$2,000 9% $91.54
$3,000 5% $113.67
$3,000 6% $119.58
$3,000 7% $125.50
$3,000 8% $131.40
$3,000 9% $137.29
$4,000 5% $151.56
$4,000 6% $159.44
$4,000 7% $179.09
$4,000 8% $189.45
$4,000 9% $199.42
$5,000 5% $189.45
$5,000 6% $199.30
$5,000 7% $219.16
$5,000 8% $239.00
$5,000 9% $258.85