Find the amount of interest and the monthly payment for the loan described below. Round interest to the nearest dollar and monthly payment to the nearest cent.
A $3,500 loan at 17% add-on rate for 3 years.
$ __________ interest; $ __________ per month

Question

Find the amount of interest and the monthly payment for the loan described below. Round interest to the nearest dollar and monthly payment to the nearest cent. 
A $3,500 loan at 17% add-on rate for 3 years. 
$ __________ interest; $ __________ per month

Quizplus · Accepted Answer

The Answer of Find the amount of interest and the monthly payment for the loan described below. Round interest to the nearest dollar and monthly payment to the nearest cent. 
A $3,500 loan at 17% add-on rate for 3 years. 
$ __________ interest; $ __________ per month

Find the Amount of Interest and the Monthly Payment for the Loan