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Big T Burgers and Fries Corp. needs to take out a one-year bank loan of $600,000 and has been offered several different terms. Another bank

Big T Burgers and Fries Corp. needs to take out a one-year bank loan of $600,000 and has been offered several different terms. Another bank has offered 6% add-on interest to be repaid in 12 equal monthly installments. What is the monthly payment on this add-on interest loan? $58,300.00 $50,350.00 $63,600.00 $53,000.00

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