please answer all questions

Snirloy, a recent college graduate, excodedly described to her older sister the 51,060 sola, table, and chairs she found today, However, when asked, the could not iol her nister which interest interest. Now, assume the store uses the add-on method of interest calculafion. Caloulate the monthly poyment and total cont wieh a one-year repayment poriod and 11.75 percent interest Explan why the bank payment and total cost are lower even though the stated interest rate is highter. Glick on tere table icon to vlew the Monthiy instaliment Loan Poynient Fector (MiLPf) table: Shiriey, a reoent colloge graduate, exctedly described to her ober sater the $1,060 sola, thble, and chais she found bodoy Howerat, whith anked, the could eat ten ler tister which irternat Why the baok peymoct and total coat are lower even though the staled litered cite is higher Cick an the tatie icon to view the Monthy instaliment Loan Parment Factor (Mutpr) table