Question

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.

Answer 1

Please help lol
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.

Answer 2

1543.05

Answer 3

850(1+15%/12)^12*4

Answer 4

thank you!

Answer 5

your welcome

Answer 6

Jack is buying a new refrigerator for $1,800. The distributor is charging him an annual interest rate of 10.1% and is using the add-on method to compute monthly payments. If he pays off the loan in 36 months, what are his monthly payments? If he makes a down payment of $210, how much will his monthly payments be? Do not round until the final answer. Then, round to the nearest cent.

Answer 7

185.33= monthly payment

Answer 8

awesome thank you my boyfriends trying to help me with this but we're both bad at math haha

Answer 9

lol thats the same with my bf, he comes to me if he needs help

Answer 10

silly boys lol

Answer 11

ya