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You are contemplating borrowing $10,000 from your bank. The bank will use the add-on method to calculate different borrowing options. Calculate the finance charge
You are contemplating borrowing $10,000 from your bank. The bank will use the add-on method to calculate different borrowing options. Calculate the finance charge and monthly payment for each: a) 6.5%, 3 Years: Finance Charge: Type your answer here Monthly Payment: Type your answer here b) 7%, 4 Years: Finance Charge: Type your answer here Monthly Payment: Type your answer here c) 8%, 5 Years: Finance Charge: Type your answer here Round to the nearest cent. DO NOT INCLUDE COMMAS OR $ Monthly Payment: Type your answer here [Fullscre
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