You need to take out a loan of $1500 to pay to get your hot water heater fixed. Your bank will let you borrow $1500 at 6% APR for 24 months.
Use the APR table 5.2 to determine the total finance charge for the loan.
O $955.50
O $9
O $95.55
0 $90.00

Questions 7-8. use the following table to answer. year 2006 2007 2008 2009 2010 2011 2012 2013 cpi 201.6 207.342 215.303 214.537 218.056 224.939 229.594 232.957 7. suppose you bought a house in 2006 for $120,000. use the table above to calculate the 2013 value adjusted for inflation. (round to the nearest whole number) 8. suppose you bought a house in 2013 for $90,000. use the table above to calculate the 2006 value adjusted for inflation. (round to the nearest whole number)