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Question 1 (2 points) Listen Calculate the finance charge and the monthly payment on a $20,000 add-on installment loan with an interest rate of 9%

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Question 1 (2 points) Listen Calculate the finance charge and the monthly payment on a $20,000 add-on installment loan with an interest rate of 9% and a term of 5 years. (Show all work.) What is the finance charge (interest)? What is the monthly payment? I Question 2 (1 point) Listen Jamil is purchasing a new truck for $30,000. Jamil is making a $2,000 down payment, and he will make 60 monthly payments of $54 each. What is the loan amount? What is the total of all of the monthly payments? N

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