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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: Please type your answer to submit Type your answer here Please type your answer to submit b) 7%, 4 Years: Finance Charge: Type your answer here Monthly Payment: Type your answer here 0 Please type your answer to submit Please type your answer to submit c) 8%, 5 Years: Finance Charge: Type your answer here Monthly Payment: Type your answer here 0 Please type your answer to submit Please type your answer to submit Round to the nearest cent. DO NOT INCLUDE COMMAS OR S. Fulls
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