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Mikaela is trying to decide if she will get an add-on interest loan of $234,000 with rate of 4% annual simple interest for 6 years.
Mikaela is trying to decide if she will get an add-on interest loan of $234,000 with rate of 4% annual simple interest for 6 years. Part A: Compute how much total interest she will pay with the add-on interest loan. Total interest with the add-on interest loan is Part B: Compute the minimum monthly payment for the add-on interest loan. The minimum monthly payment for the add-on interest loan is
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