Question
2. Susie is borrowing $11,300 and repaying it over 33 months. This is an add-on loan with a 10.5% annual interest rate. Calculate the finance
2. Susie is borrowing $11,300 and repaying it over 33 months. This is an add-on loan with a 10.5% annual interest rate. Calculate the finance charge, monthly payment and APR on this loan. How much interest will she pay over the life of the loan? Recalculate the monthly payment if this were a simple-interest loan. How much would she save in interest if this were a simple-interest loan rather than an add-on loan?
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Bitcoin Mining The New Gold Rush Bitcoin Mining Is The Future
Authors: Sam Sutton
1st Edition
1985654717, 978-1985654716
