What Would Be the Monthly Payment on an Add-On Loan

question 113

Short Answer

What would be the monthly payment on an add-on loan from a credit union at 5% over 36 months for the principal of $2000? Round to nearest cents.

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Definitions:

Together

Being in close association or in a cooperative relationship with others.

Maximize Ideation

The practice of optimizing the generation of ideas or concepts within a brainstorming or creative process.

Long-Distance Relationships

Romantic or platonic relationships where the parties involved are geographically separated, requiring alternative methods of maintaining communication and intimacy.

Mundane Time

The everyday experience of time, marked by routine activities and ordinary moments, as opposed to extraordinary or significant events.