Use the add-on method of calculating interest to find th total interest and the monthly payment. Amount of Loan Length of Loan Interest Rate $4200 2 years 4.7% a) The total interest is? b) The monthly payment is?

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Q: Find the finance charge on the following open- end charge account using the unpaid balance method of…

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Q: Calculate the monthly payment. b. Determine the total amount paid over the term of the loan.

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A: Given problem is :

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A: Thanks for the question :)And your upvote will be really appreciable ;)

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A: Image is attached with detailed solution.

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Q: Richard Miyashiro purchased a condominium and obtained a 30-year loan of $199,000 at an annual…

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Q: Find the amount (in $) if interest on the loan. Principal: $13,800 Rate ( %) : 9.4 Time : 5 (3/4)…

A: Find the amount (in $) if interest on the loan. Principal: $13,800 Rate ( %) : 9.4 Time : 5 (3/4)…

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Q: Richard Miyashiro purchased a condominium and obtained a 30-year loan of $199,000 at an annual…

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A: Please refer to the image below

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