You take out a consumer loan at your credit union for new insulated windows for your house. The total installed cost is $9,000, of which you pay 10% down. The balance is to be pain in 60 equal payments, with a finance charge equal to the 8.6% add-on interest on the outstanding balance. Find the finance charge or the monthly payment.

Question

anonymous · Answer

"pain in 60 equal payments"   Right, lol

anonymous · Answer

math, not english....lmao...and either way it fits, paying is pain

anonymous · Answer

64.44