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Use the add-on method of calculating interest to find the total interest and the monthly payment. Amount of Loan $4900 Length of Loan 2 years
Use the add-on method of calculating interest to find the total interest and the monthly payment. Amount of Loan $4900 Length of Loan 2 years Interest Rate 4.8% The total interest is 5 (Round to the nearest cent as needed.) The monthly payment is s (Round to the nearest bent as needed.)
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Contemporary Issues In Finance
Authors: Simon Grima, Frank Bezzina, Inna Romanova
1st Edition
1786359073, 978-1786359070
