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OpenStudy (anonymous):
Compute the monthly payments for an add-on interest loan of $850, with an annual interest rate of 15 percent and a term of 4 years. Round to the nearest cent as needed.
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OpenStudy (australopithecus):
do you have the formula ?
OpenStudy (australopithecus):
for add on interest
OpenStudy (australopithecus):
I'm wrong Go here: http://www.investopedia.com/terms/a/add-on_interest.asp#axzz2DxLfclNS
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