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Calculate the amount financed, the finance charge, and the monthly payments for the following add-on interest loan. Do not round intermediate calculations. Round your answers
Calculate the amount financed, the finance charge, and the monthly payments for the following add-on interest loan. Do not round intermediate calculations. Round your answers to the nearest cent.
Purchase (Cash) Price | Down Payment | Amount Financed | Add-on Interest | Number of Payments | Finance Charge | Monthly Payment |
$5,200 | $1,500 | $ | 8% | 12 | $ | $ |
Answer for amount financed, Finance charge and monthly payment. Thumbs Up for a correct answer!!!
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