Angela 's bank gave her a 5 year add on interest loan for $ 6 , 0 9 0 to pay for new equipment for her antiques restoration business The annual interest rate is 1 0 1 6 How much interest will she pay What are her monthly payments She will pay $ in interest on the loan ( Round to the nearest cent ) Her monthly payments are $ ( Round to the nearest cent )

Question

Angela 's bank gave her a 5   year add   on interest loan for $ 6 , 0 9 0 to pay for new equipment for her antiques restoration business  The annual interest rate is 1 0   1 6     How much interest will she pay  What are her monthly payments  She will pay $ in interest on the loan  ( Round to the nearest cent  ) Her monthly payments are $ ( Round to the nearest cent  )

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Angela's bank gave her a 5 - year add - on interest loan for $ 6 , 0 9 0 to pay for new equipment

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