Becky Lewis financed the construction of a garage on her lot with a 9.3% add-on interest home improvement loan from the Guaranteed Savings Bank. The total price of the garage was $11,860 and was financed with equal monthly payments for 6 years.
A)What is the total deferred payment price of the garage?
B)How much are the monthly payments on the loan? (Round to the nearest cent)

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The Answer of Becky Lewis financed the construction of a garage on her lot with a 9.3% add-on interest home improvement loan from the Guaranteed Savings Bank. The total price of the garage was $11,860 and was financed with equal monthly payments for 6 years.

Becky Lewis Financed the Construction of a Garage on Her