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OpenStudy (anonymous):
Compute the monthly payments for an add-on interest loan of $2,000, with an annual interest rate of 18 percent and a term of 3 years. Round to the nearest cent as needed.
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OpenStudy (alexwee123):
wait that's not it
OpenStudy (alexwee123):
do you have the value after 3 years?
OpenStudy (anonymous):
No, that's all I have.
OpenStudy (alexwee123):
because the question asks for monthly payments so it needs to add up to something
OpenStudy (alexwee123):
waiittttt
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OpenStudy (alexwee123):
oh i see i see the formula would be
OpenStudy (alexwee123):
|dw:1334556963951:dw| "n"equal payments of R dollars earning the interest rate "i" per period
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