Answer:
$203.56
Explanation:
Look up the column with heading 3-year loan.
It starts with
$28.21 for 1-yrst loan
$28.64 for 2-year loan
$29.08 for 3-year loan
Since he is taking a 3-year loan, the amount we need from the table is
$29.08.
Now read the title of the table carefully.
All these amounts shown in the table are the monthly payment for a $1000 loan. Since this loan is $7,000, we need to multiply the monthly payment we found by 7.
7 × $29.08 = $203.56