You have to make some home improvementswell, to be honest, theyre really maintenance that you cant defer any longer!and need to borrow $3000$3000 to pay for them. You can get an 8.5%8.5% add-on loan from a savings and loan association to be repaid in installments over 22 years. How much is your monthly payment?

(Round your answer to two decimal places.)

You have to make some home improvements_-well, to be honest, they're really maintenance that you can't defer any longer! and need to borrow $3000 to pay for them. You can get an 8.5% add-on loan from a savings and loan association to be repaid in installments over 2 years. How much is your monthly payment? (Round your answer to two decimal places.) Monthly Payment: \$