jaredvaldez
New member
- Joined
- Apr 14, 2013
- Messages
- 6
Rick plans to borrow $48,000 from his RICH Uncle Lewey. The loan will be a 10 percent add-on interest loan. Interest will be charged on the full amount of the loan for the full two years. Rick will repay the loan on a monthly basis.
What will be the total amount of interest Rick will pay?
What will be the total amount of interest Rick will pay?