Question: Payments. The table of monthly payments was taken From a magazine advertisement and shows monthly payments on. a $1000 loan at different interest rates over different loan periods.

1. ls it possible to find a cross-sectional model for monthly payments for a 52 month loan? If so, would this cross section be represented by a row or a column of the table?
2. Is it possible to find a cross-sectional model for monthly payments for a loan at \(9 \% ?\) If so, would this cross section be represented by a row or a column of the table?
3. Find an appropriate cross-sectional model, and use it to estimate the monthly payments for a 52 month loan at \(9 \%\).

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