Question: 1) Josh Hamilton is thinking about borrowing $15,000 from his bank. The bank could use add-on rates of 4.5% for 3 years, 5% for 4

1) Josh Hamilton is thinking about borrowing $15,000 from his bank. The bank could use add-on rates of 4.5% for 3 years, 5% for 4 years, and 6% for 5 years. Use equation 7.1 to calculate the finance charge and monthly payment for these 3 options. This week I am only giving you one question, as I know you have just completed an exam and are diligently working on your case study

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