Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.)
Purchase (Cash) Price |
Down Payment |
Amount Financed |
Add-on Interest |
Number of Payments |
Finance Charge |
Monthly Payment |
||
---|---|---|---|---|---|---|---|---|
$2,000 | 15% | $ | 14.5%
|
30 | $ | $ |
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