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To purchase $11,400 worth of restaurant equipment for his business, Kareem made a down payment of $1300 and took out a business loan for the
To purchase $11,400 worth of restaurant equipment for his business, Kareem made a down payment of $1300 and took out a business loan for the rest. After 2 years of paying monthly payments of $447.65, he finally paid off the loan. 3 ? What was the total amount Kareem ended up paying for the equipment (including the down payment and monthly payments)? S (b) How much interest did Kareem pay on the loan? $
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