What are monthly payment and finance charge for jamies loan

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Problem

Jamie purchased $40,500 of equipment for her business with financing provided by the seller. The seller used the add-on method to calculate Jamie's monthly payment for the 6.5% 3-year loan. Get the instant assignment help. What are the monthly payment and finance charge for Jamie's loan?

Reference no: EM133923192

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What are monthly payment and finance charge for jamies loan : Jamie purchased $40,500 of equipment for her business with financing provided by the seller. What are the monthly payment and finance charge for Jamie's loan?
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